How bad was the data for Tuesday's ETH spot ETF? It marked the largest single-day net outflow since August 13, 2025, with nearly 100,000 ETH withdrawn. Among them, BlackRock investors alone saw over 120,000 ETH outflows in just two days over the weekend. If BTC investors are still in 'watching mode,' some ETH investors are already starting to panic. Keep in mind, the average price of ETH spot ETFs is above $3,300, possibly even higher. The portion being sold off now, especially BlackRock's, is almost entirely exiting at a loss. This kind of portfolio reallocation is most likely moving into U.S. stocks. It feels like traditional investors' attitudes toward cryptocurrencies are gradually shifting toward pessimism—maybe Bitcoin is the only one holding up slightly better. Bitget VIP, lower fees, crazier perks.