Ethereum spot ETFs see second-largest daily outflow of almost $200 million

Meanwhile, the exit queue for ethereum validators has set a new record at 911,718 tokens — worth about $3.9 billion.

8/19/25 12:12PM

After seeing a record amount of inflows last week, US spot ethereum ETFs have reversed course and had the second-largest daily outflow on Monday, with $196.6 million exiting the funds. Most of the total, 84%, left BlackRock’s iShares Ethereum Trust ETF and Fidelity’s Ethereum Fund.

Despite the outflows, the cumulative amount of ethereum tokens held in ETFs stands at more than 6.5 million or $28 billion, representing nearly 5.4% of the total supply for the second-largest cryptocurrency by market capitalization. In comparison, treasury entities hold 4.1 million ethereum tokens worth about $17.6 billion, per StrategicETHReserve.xyz.

Amid the outflows, prominent treasury firm SharpLink Gaming, chaired by ethereum cofounder Joseph Lubin, announced purchasing an additional 143,593 tokens at an average entry price of $4,648 for the week ending August 17. SharpLink’s most recent acquisition level is about 10% higher than ethereum’s current price, which is stuck around $4,200 as of 12 p.m. ET.

The Minneapolis-based firm now holds 740,760 ethereum tokens worth roughly $3.2 billion. The company also raised $536.5 million in net proceeds through its at-the-market facility and a registered direct offering, according to Tuesday press release.

Ethereum’s validator exit queue is the longest ever

Meanwhile, the exit queue for validators has set a new all-time high of 911,718 ethereum tokens, equating to about $3.9 billion. The wait time for the exit to clear stands at 15 days and 20 hours. The figures are a substantial jump from seven days ago, when the exit line had 567,700 ethereum tokens waiting.

Preston Van Loon, an ethereum protocol developer, said on X, “The exit queue prevents a mass validator exodus. Without it, validators could rush to exit during a detected or anticipated attack on Ethereum’s consensus, weakening the network’s economic security when it’s most needed.”

Van Loon added, “The validator queue ensures economic security, which is the cost to attack or manipulate a protocol, mainly determined by the total ETH staked. More staked ETH increases attack costs.”

The number of staked ethereum tokens actively securing the network hasn’t seen much volatility, as the balance has remained above 35 million tokens since the middle of June, blockchain data shows.

Sage D. Young

14h

Zcash nosedives after counterfeit vulnerability revealed

The privacy-focused cryptocurrency has dropped more than 40% in the last 24 hours, shedding $3.8 billion in market capitalization.

$62B

Yaël Bizouati-Kennedy14h

Bitcoin digital asset treasuries (DATs) have taken a big hit amid bitcoin’s tumble, shedding $62 billion in value since the asset’s October 6 all-time high, Artemis data shows, with their fully diluted market cap dropping to $72 billion from $134 billion in early October.

Meanwhile, bitcoin, which has fallen below $62,000 on Friday morning, is down 50% from its all-time high. DAT pioneer Strategy’s market cap stood at $102.2 billion on October 6, according to Macro Trends, and is now down to $45.6 billion, a 55% decline. Strategy has been in hot water since it sold 32 bitcoin earlier this week, and because its digital credit instrument, STRC, has been trading below its par value. Shares of Strategy are down 17% in the past week.

Sage D. Young6/4/26

“Sentiment for crypto is firmly in the gutter” as sector sinks, with tokens hitting multiyear lows

On Thursday, altcoins swept lower as bitcoin weakened. The tokens with the biggest losses in the last 24 hours are NEAR, ethena, and Zcash, each declining double digits in the period.

Other tokens have dropped to lows not seen in over a year in the past 24 hours:

Ethereum dropped 4.4% to under $1,780, a level not seen since April 2025.
XRP declined 4.5% to an 18-month low last hit in November 2024.
Solana decreased 6% to trade below the $70 mark, its lowest price since December 2023.
Dogecoin slid below $0.09, a 27-month low last seen in February 2024.

“Sentiment for crypto is firmly in the gutter as fears surrounding BTC/STRC and its potential overflow compound and overshadow anything that can be read as positive news (e.g. CLARITY movements),” according to Sean Dawson, head of research at crypto options platform Derive.xyz.

“[Altcoins] are high beta plays to BTC and are typically sold heavily in a downturn. Simply put, I’d be even more bearish on alts,” Dawson told Sherwood News.

“Further, liquidity has been drained into this year’s ‘superhot’ narrative of AI/data centers. In other words, there are just better, more exciting opportunities elsewhere,” Dawson added.

One cryptocurrency that has bucked the downtrend has been worldcoin, the native token for World, the digital identity project backed by OpenAI CEO Sam Altman. While the broader crypto market has been pushing lower, WLD has jumped nearly 5% in the last 24 hours and 90% in the past seven days, data from CoinGecko shows.

Yaël Bizouati-Kennedy

6/4/26

Bitcoin nears February lows amid $1.4 billion exiting its ETFs

“This week has been painful in crypto. There is really no other way of putting it.”