Ethereum ETFs Bleed $465M as August Opens With a Harsh Correction

BlackRock’s iShares Ethereum Trust (ETHA) led the rout with a staggering $375 million outflow, followed by $55.1 million pulled from Fidelity’s Ethereum Fund (FETH). Not a single ETH fund saw positive flows to start the week, with several recording flat activity.

The sharp reversal comes just days after a record-breaking July, when Ethereum-based ETFs drew over $5.4 billion in inflows—an impressive figure given ETH’s smaller market cap relative to Bitcoin. The bullish momentum had also pushed ETH’s price close to $4,000, marking a nearly 50% monthly rally.#Ethereum