Fidelity, Grayscale, and VanEck Pulled Out $167M from Ethereum ETFs as BlackRock Adds Inflows

Fidelity, Grayscale, and VanEck pulled out a combined $167 million from their Ethereum ETFs, adding pressure on ETH’s price. 

Data from SoSoValue shows Fidelity led the exits with $216.8 million, followed by Grayscale with $26.4 million and VanEck with $17.2 million. In contrast, BlackRock’s iShares Ethereum Trust saw $148.8 million in inflows, lifting its total assets above $13 billion.

The wave of redemptions briefly pushed the ETH price below $4,292, leaving bulls struggling to reverse the massive sell-off.

BlackRock Adds $148.8 Million to Ethereum ETFs

On the other hand, BlackRock took the opposite approach, buying more ETH. Its iShares Ethereum Trust recorded a $148.8 million inflow, increasing its total assets to more than $13 billion. 

Arkham Intelligence also reported large ETH transfers into BlackRock-linked custody accounts, which helped soften the impact of the outflows. Still, the heavy withdrawals from Fidelity, Grayscale, and VanEck were too big, leaving the market under pressure.

Whales Scoop Up $230M in ETH Within 24 Hours

While ETFs dumped ETH, whales stepped in with $230 million in purchases. Arkham data showed three new whale wallets accumulating between 10,000 and 18,000 ETH each, worth between $70M and $79.6M per address via FalconX and BitGo. 

This surge of institutional-level accumulation highlights growing confidence, with analysts noting that such whale activity often signals a coming price stabilization or a rebound.

Despite the 5% short-term dip this week, ETH’s broader trend remains strong, with gains of 18.8% in a month, 94.7% over six months, and 75% year-over-year. While ETF redemptions weigh heavily on sentiment, BlackRock’s inflows and whale accumulation suggest Ethereum’s long-term foundation is intact, with some analysts still eyeing a potential run toward $10,000 price target.