Ether Streak Ends with $238M Exit; Bitcoin ETFs Shed $1.17B
Ether’s 14-week net inflow streak for Ethereum ETPs broke as investors withdrew $238 million in the latest week. Simultaneously, Bitcoin ETFs experienced substantial outflows totaling $1.17 billion—its largest weekly loss since March—underscoring shifting sentiment. The crypto market reaction comes amid rising Treasury yields and looming Federal Reserve rate decisions, pressing traders to take profits. Year-to-date, Ethereum ETPs had amassed $5.5 billion, while Bitcoin ETF inflows reached $4.2 billion prior to this reversal. Grayscale’s Bitcoin Trust led withdrawals with $340 million leaving, followed by major issuers like BlackRock and Fidelity. Traders watch these fund flows as a barometer for market health: the outflows coincided with a 4.5% slide in ETH and a 2.8% drop in BTC over the week. Short-term bearish pressure may persist, but strategic drivers such as the upcoming Ethereum Shanghai upgrade and broader ETF adoption could support a longer-term bullish outlook.
Bearish
Investors’ withdrawal of $238 million from Ethereum ETPs and $1.17 billion from Bitcoin ETFs indicates a clear profit-taking trend amid macroeconomic uncertainty. Historically, similar ETF outflows have coincided with price corrections, as seen in March when rising yields triggered sell-offs. The sizable outflows point to short-term bearish pressure, with traders reducing exposure ahead of potential rate hikes. However, long-term prospects for ETH and BTC remain supported by structural drivers such as Ethereum’s Shanghai upgrade and growing institutional ETF adoption. Should macro conditions stabilize, these outflows may reverse, but in the near term, continuing fund withdrawals are likely to apply downward pressure on prices and heighten volatility.