Ethereum spot ETFs recorded another red day, shedding $52.7 million in net outflows. Grayscale's ETHE led exits with nearly $34 million in redemptions, while only the Grayscale Mini ETF recorded a modest $3.3 million inflow. With $17.9 billion still parked in ETH ETFs and flows narrowing to a single product, optimists remain hopeful about institutional demand. They think the demand is concentrating, albeit at a fragile pace. $ETH $BTC $BNB