What happened: On Oct. 21, spot Ether ETF flows saw mixed action as BlackRock’s ETHA experienced a net withdrawal of $29.32 million. Meanwhile, Grayscale Ethereum Staking Mini ETF and Fidelity’s FETH moved in the opposite direction, pulling in $28.07 million and $13.03 million in inflows respectively. This follows an earlier $95.40 million outflow for ETHA on Oct. 19.
Why it matters: Split flows among major U.S. spot Ether funds show that institutional sentiment isn't moving in a single direction. While big products like BlackRock's see occasional pullbacks, capital continues to find its way into competing funds, reflecting shifting preferences among institutional crypto investors.
