According to @FarsideUK, BlackRock’s U.S. Ethereum ETF recorded a net outflow of 22.3 million dollars on Dec 25, 2025, based on the firm’s daily flow tracker. source: farside.co.uk/eth, twitter.com/FarsideUK/status/2004051036248461518 Net outflow indicates fund redemptions exceeded creations that day under standard ETF mechanics, signaling net capital leaving the vehicle. source: ishares.com/us/education/etf-trading-creation-redemption, investopedia.com/terms/f/fundflows.asp