The data from December 5th, Eastern Time, is quite interesting—there was a collective outflow from Ethereum spot ETFs.

The total net outflow for the day reached $75,206,500, with all nine ETFs experiencing losses; not a single one achieved a net inflow. The most striking was BlackRock’s ETHA, which saw a single-day outflow of $75,206,500—coincidentally, this number matches the total outflow, indicating that the other ETFs were basically flat.

However, looking at a longer time frame, ETHA’s historical total net inflow is still impressive, currently reaching $13.091 billion. Although the single-day drawdown was significant, it actually accounts for a relatively small proportion of the overall fund.

This kind of collective net outflow may be related to the market sentiment at the time, fluctuations in ETH price, or institutional portfolio adjustment strategies. Short-term data can only be used as a reference; the key is to watch whether capital flows will reverse in the following days.