U.S. spot Ethereum ETFs experienced significant net outflows on February 18, 2025, totaling $42.5 million. BlackRock's iShares Ethereum Trust (ETHA) led the withdrawals with $30.6 million, accounting for over 70% of the day's total outflows. Fidelity's Ethereum Fund and Invesco's QETH also saw outflows of $8.23 million and $3.67 million, respectively. This marks a notable shift after a brief period of net inflows, highlighting the volatile nature of crypto ETF investments. The outflows underscore the sensitivity of crypto ETF flows to market sentiment and macroeconomic factors. While the immediate impact on Ethereum's market cap is minimal, the psychological effect could influence future investor behavior. Analysts suggest that these movements reflect typical volatility in early-stage financial products, with long-term health better assessed by cumulative net assets over time.