U.S. Spot Ethereum ETFs See $4.95M Net Outflow on June 12

U.S. spot Ethereum ETFs extended their streak of redemptions on June 12, posting a net outflow of $4.95 million. Total turnover across the group reached $483.85 million, while aggregate net assets stood at $9.16 billion—about 4.56% of Ethereum's market capitalization, according to SoSoValue. BlackRock's iShares Ethereum Trust (ETHA) remained the clear leader by size and trading activity, holding $4.75 billion in net assets (roughly 2.36% of ETH market cap). ETHA also led the day's outflows, with $4.53 million in cash redemptions and 2,720 ETH in token outflows. Shares closed at $12.57, down 1.02%, with $355.36 million traded on volume of 28.21 million shares. Fidelity's Ethereum Fund (FETH) recorded the second-largest outflow, at $415,230 in cash and 249.04 ETH. The fund reported $799.31 million in net assets, traded at $16.58 (down 1.01%), and saw $29.78 million in value traded. Grayscale's Ethereum Mini Trust (ETH) reported $1.46 billion in net assets and showed no net inflow or ETH inflow for the day. Shares traded at $15.83, down 0.94%, with $46.86 million in traded value; the management fee is 0.15%. Grayscale's Ethereum Trust (ETHE) held $1.30 billion in assets and also posted no daily flows. ETHE traded at $13.47, down 0.96%, with $30.05 million traded and the highest fee in the lineup at 2.50%. Among smaller products, ETHB held $523.40 million in assets with no daily net inflow; it traded at $21.41, down 1.02%, with $3.69 million in turnover. ETHW had $181.06 million in assets and no daily flow; shares traded at $11.90, down 1.08%, with $10.10 million in traded value. ETHV ($82.25 million), EZET ($34.12 million), QETH ($16.29 million), and TETH ($15.99 million) also reported no daily flow changes, with share-price declines ranging from 0.86% to 1.02%. TETH's $5.23 million in traded value exceeded several peers in the smaller-fund segment. Additional tape highlights included QETH at $16.56 (down 0.90%) with $735,490 traded; EZET at $12.61 (down 1.02%) with $612,900 traded; and ETHV at $24.34 (down 0.86%) with $1.45 million traded. All listed spot Ethereum ETFs traded at discounts to net asset value on June 12. ETHW showed the widest discount at 0.23%, while QETH's discount measured 0.07%. Fees ranged from 0.15% to 2.50%, with most funds clustered between 0.19% and 0.25%, and ETHE at the top end. The combination of modest, broad-based outflows and across-the-board discounts points to short-term selling pressure in the spot Ethereum ETF complex on June 12. ETHA continued to dominate liquidity and assets, while several Grayscale vehicles and smaller issuers remained flat with no reported daily flows. Source: SoSoValue (Ethereum ETFs)