US Spot ETH ETFs See Renewed Outflows — $95.5M One-Day Withdrawal Highlights Ongoing ETF Pressure
US spot Ethereum (ETH) ETFs recorded a $95.5 million net outflow on December 23, reversing a brief inflow and resuming a prior outflow trend. Data from Trader T shows withdrawals were concentrated in a few funds: Grayscale’s ETHE led with $50.89M outflow, BlackRock’s ETHA $25.05M, Bitwise’s ETHW $13.98M and Franklin Templeton’s EZET $5.61M; other funds reported no net activity. This follows earlier multi-day outflows that together removed large sums from ETH spot ETFs and, in previous reporting, saw BlackRock as a major driver of redemptions. Trading volume across ETH ETFs has shown variability alongside these flows. Analysts say a single-day outflow does not define a long-term trend and may reflect profit-taking or short-term consolidation, but continued withdrawals could reduce ETF-driven buying pressure and expose short-term ETH price support to downside risk. For traders: monitor daily ETF flows, macro indicators and Bitcoin price action; review position sizing and risk management; avoid knee-jerk reactions and use flow data as a sentiment indicator. Keywords: ETH ETF, Ethereum, ETF flows, institutional flows, market sentiment.
Bearish
Concentrated, repeated ETF outflows — including a $95.5M single-day withdrawal concentrated in a few large funds — point to reduced ETF-driven buying pressure for ETH. While analysts caution that one-day flows can reflect short-term profit-taking or rebalancing, the continuity of outflows (and prior reporting showing multi-day redemptions) increases supply pressure on spot markets and can weaken short-term price support. For traders this implies higher downside risk in the near term: expect greater volatility, potential testing of support levels around recent lows, and the need to monitor subsequent flow data, macro liquidity conditions and Bitcoin’s direction for broader market cues. Longer-term impact is less certain because cumulative institutional inflows into some funds remain sizable, so sustained trend confirmation (continued outflows or a return to consistent inflows) will be needed before declaring a persistent directional shift.