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Highlights
- BlackRock’s Ethereum ETF (ETHA), a leader in the space, reached a milestone of $5.2 billion in net flows.
- Over the past two weeks, Ethereum whales have accumulated 166,199 ETH, worth $435 million.
- Ethereum’s price fell sharply from $2,800 to below $2,500, leading to a 19% drop in open interest on Binance.
Spot Ethereum ETFs saw the first outflows after 19 consecutive days of accumulation, clocking its longest streak for the year 2025. During this entire inflow streak, Ether ETFs accumulated $1.4 billion, with nearly half a billion coming just this week. The BlackRock Ethereum ETF also hit a fresh milestone, clocking more than $5 billion in net inflows since inception. On the other hand, ETH open interest tanked 19% as the Ethereum price dropped to $2,500, triggering a leverage reset.
Ethereum ETFs Ending The Winning Streak
On Friday, spot Ether ETFs saw net outflows of $2.1 million, ending 19 consecutive days of inflows. As per data from Farside Investors, Fidelity Ethereum ETF (FETH) saw $8.8 million in outflows, while mini Grayscale Ether ETF saw $6.7 million in inflows. As a result, the net outflows stood at $2.1 million, as all other US ETF issuers saw zero net flows.
Despite this, Ethereum ETFs have experienced a remarkable surge in weekly inflows, exceeding $500 million, according to recent market data. This figure is nearly five times the recent weekly average.
BlackRock iShares Ethereum Trust (ETHA) saw zero flows for the first time, after 14 consecutive days of inflows. Leading the market, its net flows since inception have stood at $5.2 billion. This Ethereum ETF holds over 1.65 million ETH, with net assets under management at $4.17 billion.
However, amid the strong selling pressure on Wall Street due to the Iran-Israel conflict, the ETHA stock faced strong selling pressure on Friday, collapsing nearly 7%, and slipping under $20. With nearly 100% gains since mid-April for the ETHA stock, the rally seems to be cooling for now.
ETH Whale Accumulation on the Rise
As per the Arkham Intelligence data, ETH whale accumulation has been on the rise over the past two weeks, with nearly 140K ETF leaving exchanges. . These big ETH buyers have accumulated 166,199 ETH worth approximately $435 million over the past two weeks through over-the-counter (OTC) transactions.
The average purchase price was $2,618 per ETH, signaling strong confidence in the asset’s long-term potential. some the the recent high-value acquisitions from ETH whales include:
- June 4: A massive purchase of 108,278 ETH, valued at $283 million.
- June 13: An additional 2,825 ETH, worth $7.48 million, was acquired.
- June 14: Another 5,463 ETH, valued at $14 million, was purchased, with connections to ConsenSys.
ETH Open Interest Drops 19% in Leverage Reset
This week, Ethereum price experienced a significant shakeout plummeting from $2,800 to below $2,500, although the Ethereum ETF inflows continued. This sharp decline triggered a 19% drop in open interest on Binance, reflecting a rapid clearing of long positions, driven by both panic selling and forced liquidations.
The ETH price is currently testing a crucial support at $2,500. Bulls need to defend this support in order to continued with the rally to $3,000 and beyond.
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