Interesting things are happening in the Ethereum spot ETF. Last week, in March, it was observed that there was a third consecutive day of large-scale outflows — approximately $51 billion in net outflows in a single day. This indicates a shift in investor sentiment.



What caught my attention is that Fidelity's FETH is bringing in the highest inflow — $1.6 billion in one day. This means that large institutional investors are still buying. Meanwhile, BlackRock's ETHA is seeing the highest outflows, around $5.5 billion. 21Shares' TETH is also performing well. These show different trends across the 10 coin-like ETF products.

Overall, the Ethereum spot ETF currently holds $115 billion in assets, which is about 4.7% of the entire Ethereum market. Such large funds experience these fluctuations regularly, but it shows that there is still uncertainty in the market.
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