BlackRock’s ETHA saw a net outflow of $86 million in a single day. Institutions are also rebalancing their positions, and clear short-term sell pressure is evident.

CoinWorld News reports that on June 23, the total net outflow of Ethereum ETFs was $82.18 million. Among them, BlackRock’s $ETHA contributed $86.07 million. Fidelity’s $FETH had a net inflow of $15.69 million. Bitwise’s $ETHW and 21Shares’ $TETH, Invesco’s $QETH, Franklin’s $EZET, VanEck’s $ETHV, Grayscale’s $ETHE, and Grayscale Mini’s $ETH were all $0. BlackRock’s staked $ETHB had a net outflow of $1.53 million, and Grayscale Mini’s $ETH had a net outflow of $10.27 million.