U.S. spot Ethereum ETFs recorded net outflows of $59.34 million on August 15, ending an eight-day streak that brought $3.7 billion in total inflows.

The reversal comes as Ethereum eth0.8%Ethereum retreated from near all-time highs to current levels around $4,450.

According to SoSoValue data, only BlackRock’s ETHA maintained positive flows with $338.09 million in single-day inflows, while other major ETFs posted outflows.

Grayscale’s ETHE led withdrawals with $101.74 million in outflows, followed by Fidelity’s FETH at $272.23 million.

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Ethereum price surge drives institutional interest

The recent surge in inflows coincided with Ethereum’s rally to $4,788. This brought ETH within 3% of its all-time high of $4,891.

The price surge attracted institutional investment through ETF products, resulting in cumulative total net inflows of $12.67 billion across all Ethereum ETF products.$ETH #MarketTurbulence