Spot Ether funds began the week with significant sell-offs, recording nearly $200 million in outflows, the second-largest since their launch. On Monday, nearly $197 million was withdrawn, following the previous Friday's $59 million loss, totaling $256 million over two days. The outflows were modest compared to single-day inflows from the preceding eight trading days, which sometimes exceeded $1 billion. The highest outflows from individual issuers were seen from BlackRock ($87 million) and Fidelity ($79 million). As of last Friday, BlackRock's iShares Ethereum Trust ETF held about 3.6 million ETH valued at $15.8 billion, which saw a slight decrease in value due to a 6.5% drop in ETH prices. Additionally, the Ether unstaking queue has hit an all-time high of 910,000 ETH, significantly impacting market dynamics. Data indicates that the ETH supply contained in ETFs is increasing, prompting analysts to predict a potential surpassing of Bitcoin ETFs in the near future.

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