US spot Ether ETFs experienced a historic outflow of $465 million, primarily driven by BlackRock’s iShares Ethereum Trust, following a month of significant inflows. On Monday, spot Ether ETFs, according to investment firm Farside Investors, recorded their highest single-day outflow since their launch, indicating a possible shift in investor sentiment after a strong performance in July. The outflow coincided with a drop in the price of ETH, which fell to $3,380, down 12% from its price of $3,858 on Thursday. However, ETH rebounded to $3,629 on Tuesday. BlackRock's iShares Ethereum Trust faced the steepest outflow of nearly $375 million, despite still having a cumulative net inflow of $9.3 billion. The Fidelity Ethereum Fund and Grayscale's ETFs also experienced notable outflows. Despite the heavy outflows from Ether ETFs, institutional demand for ETH remains robust as significant wallet addresses acquired substantial amounts through over-the-counter trades. In total, since July 9, new wallets have accumulated over 856,000 ETH worth more than $3.1 billion.

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