BlackRock’s Ethereum ETF sees 580,145 ETH outflow, ETH holds above $2,209

Ethereum (ETH) is experiencing continued selling pressure, with recent outflows from BlackRock’s spot Ethereum exchange-traded fund (ETF) fueling uncertainty over institutional demand for the world’s second-largest cryptocurrency. BlackRock, the world’s largest asset manager, has seen significant withdrawals from its iShares Ethereum Trust ETF (ETHA) in recent weeks. According to blockchain data provider SoSoValue, the ETF witnessed outflows totaling 580,145 ETH over the past month. This sizable outflow underlines institutional investors’ diminishing appetite for Ethereum exposure via US-listed spot ETFs. The reduction has taken place as broader market sentiment remains subdued, with digital assets facing high volatility and challenging macroeconomic conditions.