$465M pulled from ETH ETFs
On Aug 4, U.S. spot #ETHETFS saw their largest daily outflow to date, led by a $375M withdrawal from BlackRock’s ETHA.
Despite the sharp move, experts view it as profit-taking after weeks of strong inflows, not a shift in long-term institutional conviction.
With $ETH still trending upward (+1.8% in 24h), the data points to normal market rotation, not retreat.
