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Ethereum Spot ETF Experiences Massive Capital Outflows, Over $130 Million Net Outflow in a Single Day

According to the latest market data, as of the close on February 19th Eastern Time, the Ethereum spot ETF market saw significant capital outflows, with a total net outflow of up to $130 million in a single day, drawing market attention.

Among various ETF products, the Ethereum ETF (ETHA) under the global asset management giant BlackRock became the main driver of capital outflows, with a net outflow of $96.79 million yesterday, approaching the $100 million mark. Despite the large outflow in a single day, the product's cumulative net inflow since listing remains high at $11.873 billion, indicating that its long-term appeal remains strong.

Meanwhile, Grayscale's Ethereum Mini Trust ETF (ETH) was also not spared, with a net outflow of $18.4365 million yesterday. Since its launch, the ETF has accumulated a total net inflow of $1.702 billion.

Overall, as of yesterday's close, the total net asset value of Ethereum spot ETFs is approximately $11.004 billion, accounting for 4.67% of the total Ethereum market capitalization (i.e., ETF net asset ratio). Despite the significant outflows yesterday, historical cumulative data shows that since its launch, Ethereum spot ETFs have recorded a total net inflow of $11.525 billion, indicating that long-term capital allocation has not reversed due to short-term fluctuations.

Market analysts suggest that this concentrated outflow may be related to recent macroeconomic changes and adjustments in investor risk appetite, but a single-day figure is not enough to determine a trend reversal. Future attention should be paid to Federal Reserve policy developments and the overall sentiment evolution in the cryptocurrency market.
$ETH ‌
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Disclaimer: This article is compiled based on publicly available market data and does not constitute any investment advice. Digital asset prices are highly volatile; please invest cautiously.