BlackRock’s ETHA gains $8.6M, defying three days of Ethereum ETF outflows

U.S. spot Ethereum ETFs recorded $15.9 million in net outflows on June 11. This marks the third consecutive day of withdrawals for the sector. Market uncertainty and macroeconomic pressures drove the trend four months after these funds launched.

BlackRock’s iShares Ethereum Trust (ETHA) diverged from the market with $8.6 million in new capital. Fidelity’s FETH conversely reported more than $20 million in outflows.

Analysts characterize the preference for BlackRock as a cautious accumulation phase. Institutional investors continue to build positions in ETHA despite the broader negative sentiment.