Ethereum spot ETFs experienced a significant net outflow of $38.69 million on December 28, marking the third consecutive day of withdrawals. BlackRock's ETHA fund saw $22.12 million in outflows, while Grayscale's ETHE fund lost $16.58 million. Despite these withdrawals, the total net asset value of Ethereum spot ETFs stands at $17.73 billion, maintaining a 5.01% ratio to Ethereum's market cap. The ongoing outflows have kept Ethereum's price under pressure.