 
 
Investors yanked a staggering $465.1 million from spot Ethereum (ETH) exchange-traded funds (ETFs) on Monday, marking the biggest one-day outflow since the cohort’s debut last year.
ETH ETFs Hit By A Record Daily Outflow
The Monday outflows effectively ended their longest inflow streak. The recent run saw record-breaking activity, when the nine spot Ether ETFs trading in the US saw inflows of $2.2 billion in the second week of July, $1.9 billion in the third week, and $154.3 million just last week.
BlackRock’s ETHA led Monday’s losses, shedding $375 million, while Fidelity’s FETH followed with a $55.1 million drop, according to UK asset manager Farside Investors. Not a single ETH ETF posted inflows on Monday, with multiple funds remaining flat for the day.
Despite the recent outflows, the Ethereum ETFs have still collectively netted $9.02 billion in total inflows.
Ethereum was recently trading at around $3,680 at press time as the broader crypto market saw a modest uptick.
 
Corporations Double Down On ETH
According to a recent report by Standard Chartered, corporations are now acquiring Ether at twice the rate of Bitcoin. Since the start of June, crypto treasury firms have scooped up approximately 1% of Ethereum’s total circulating supply, suggesting a growing institutional appetite for the second-largest cryptocurrency.
On Monday, for instance, Peter Thiel-backed BitMine Immersion surpassed $3 billion in Ethereum, making it the largest corporate ETH treasury. According to the company’s official announcement, BitMine now ranks as the third largest public crypto treasury in the world, behind only Michael Saylor’s Strategy and miner Mara Blockchain, which both hold Bitcoin (BTC).
BitMine, which aims to control 5% of all Ethereum held or staked, launched its strategy earlier this month. The Nasdaq-listed company said that it has achieved its 833,137 ETH stockpile in just 35 days.
Standard Chartered stressed that such accumulation, coupled with steady inflows into US spot Ether ETFs, has been a key catalyst behind Ether’s recent upsurge. The British multinational bank thinks these trends could propel ETH beyond the $4,000 price threshold by year-end.
Looking ahead, the bank forecasts that Ethereum treasury companies could eventually own as much as 10% of the entire supply, citing the added benefits of staking and decentralized finance (DeFi) participation.
Source: https://zycrypto.com/blackrock-leads-us-spot-ether-etfs-record-465-million-one-day-bloodbath/