The iShares Ethereum Trust (ETHA) faced significant investor withdrawals as part of a broader sell-off in digital asset ETFs. For the week of May 18 to May 22, spot Ethereum ETFs recorded $215 million in net outflows, with ETHA alone accounting for $189.35 million of that total.
One report, highlighting activity from Friday, May 22, noted a sharp daily outflow of $38 million from ETHA, representing approximately 0.59% of the fund's assets. This wave of redemptions occurred amid what sources describe as rising macro uncertainty and bond market stress, which also saw Bitcoin ETFs experience over $1.26 billion in net outflows during the same week. Analysts suggest the withdrawals could signal profit-taking or broader risk reduction among investors.