Institutions dump almost $200m in Ethereum; Here’s why
U.S. Ethereum (ETH) exchange-traded funds (ETFs) recorded $196.6 million in outflows on August 18, the largest sell-off since the products launched in July 2024. The bulk of the outflows came from the two largest issuers, BlackRock (ETHA) and Fidelity (FETH), which shed roughly $86.9 million and $78.4 million, respectively. In addition, Grayscale (ETHE) saw $18.7 million withdrawn, Franklin (EZET) lost $6.6 million, and VanEck (ETHV) and Bitwise (ETHW) posted smaller outflows, the former cutting $4.8 million and the latter $1 million. Despite the pullback, U.S. Ethereum ETFs still collectively manage $27.7 billion in assets, approximately 5.34% of the cryptocurrency’s total market capitalization. BLACKROCK SOLD ETH FIDELITY SOLD ETH GRAYSCALE SOLD ETH nobody bought ETH pic.twitter.com/lt0t33yWKy — Arkham (@arkham) August 19, 2025 Ethereum price drops amid outflows The pullback came after an institutional buying spree that saw nearly $524...