US spot Ethereum ETFs now hold over 5% of ETH supply

U.S. spot Ethereum exchange-traded funds now hold more than 5% of the current ETH supply, according to on-chain data.

The Block's data dashboard shows that Ethereum ETFs hold 6.3 million ETH ($26.7 billion) in on-chain assets, representing nearly 5.1% of ETH's current supply. Meanwhile, digital asset treasuries (DATs) control over 2% of the total ETH supply, according to Coinbase.

On Monday, spot ether ETFs saw $196.6 million in net outflows, marking the second-largest single-day outflows since their launch, according to SoSoValue data.

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Before this, these ETFs had reported $3.7 billion in cumulative inflows during an eight-day positive streak. Their weekly net inflows reached $2.85 billion last week, compared to $325.8 million the previous week.

Ethereum traded down 1.5% in the past 24 hours at $4,239 as of 1:30 a.m. ET Tuesday, according to The Block's price page. Bitcoin edged down 0.1% to trade at $115,299.

Meanwhile, spot bitcoin ETFs saw $121.8 million flow out on Monday, compared to outflows of $14.1 million on Friday.