U.S. Spot Ethereum ETFs See $49.5 Million Net Outflows

Across the available reports, multiple financial and crypto news outlets consistently mention that Ethereum spot ETFs experienced net outflows around mid-February 2026, and that BlackRock’s iShares Ethereum Trust (ETHA) posted the largest withdrawals. The quantitative claim of a $123 million aggregate outflow appears only in secondary market commentary (such as CoinNess and RTT News) that provide no direct reference to official fund data. Meanwhile, more authoritative macro reports from Saxo Bank note ETHA-specific outflows, but cite a smaller figure of $97 million and omit confirmation of a $123 million total. iShares’ official listings verify ETHA’s existence but supply no flow data. Overall, consistent qualitative evidence supports that ETHA had notable outflows and likely led the group, while the exact $123 million figure remains uncorroborated by primary data. This makes the statement directionally accurate but somewhat uncertain in magnitude, thus rated as likely true with medium confidence.