BlackRock Staking Fund Beats Trend as Ethereum Spot ETFs Record Net Outflow

The Ethereum spot ETF market has seen a reversal in fortunes, with a net outflow of $11.9 million on August 3rd, according to data from Farside Investors.

This comes after two consecutive days of net inflows, highlighting the volatility of investor sentiment towards Ethereum ETFs.

The outflows were driven by notable withdrawals from several major funds, including BlackRock's ETHA ($9 million), Grayscale's ETHE ($7.8 million), and Bitwise's ETHW ($2.5 million).

However, BlackRock's newly launched staking Ethereum ETF (ETHB) recorded an inflow of $5.8 million, making it the only product in the group to see positive flows on the day.