U.S. Spot Ethereum ETFs Record Net Outflows as ETH Holdings Fall to 5.8 Million

U.S. spot Ethereum ETFs have seen net outflows, with total ETH holdings declining from over 6.1 million ETH at end-January to approximately 5.8 million ETH as of Feb. 23, while assets under management dropped from $18.6 billion to around $11.9 billion, BestBrokers data cited by ChainCatcher show. BlackRock holds roughly 57% of the U.S. ETH ETF market, significantly ahead of Grayscale and Fidelity. ETH has fallen about 35% over the past month and nearly 40% over three months.