**Ethereum Spot ETF Market Shows Significant Outflow Signals**

Market data from SoSoValue reveals a notable shift in Ethereum spot ETF dynamics on January 9 (Eastern Time). The broader Ethereum ETF ecosystem experienced substantial capital movements, with total net redemptions hitting $93.8151 million during the 24-hour period—signaling potential investor caution or profit-taking activity.

**BlackRock's ETHA Leads Outflow Activity**

Among all Ethereum spot ETF products, BlackRock's ETHA captured the largest redemption volume yesterday, registering a single-day net outflow of $83.7783 million. Despite this recent pullback, the ETF maintains a robust historical position with cumulative net inflows reaching $12.718 billion since inception—demonstrating substantial institutional confidence in the product.

**Grayscale ETHE Continues Long-Term Outflow Pattern**

The Grayscale Ethereum Trust ETF (ETHE) recorded a 24-hour net outflow of $10.0368 million, consistent with its ongoing redemption trend. Notably, ETHE has experienced cumulative net outflows totaling $5.141 billion throughout its trading history, contrasting sharply with the strong inflows seen in newer Ethereum spot ETF products.

**Overall Market Metrics Reflect Solid ETF Adoption**

The aggregate Ethereum spot ETF ecosystem now manages $18.699 billion in total net asset value. The ETF dominance ratio—measuring these products' market capitalization relative to total Ethereum's market cap—stands at 5.04%, indicating institutional ETF adoption has captured approximately one-twentieth of the broader Ethereum valuation. Looking at cumulative performance, these Ethereum spot ETFs have achieved $12.434 billion in historical net inflows, reflecting sustained institutional interest despite recent daily fluctuations.