Ethereum Spot ETFs Record $241M Weekly Net Outflow
US Ethereum spot ETF complex saw a $241 million weekly net outflow, according to Farside Investors. Grayscale’s ETHE and Ethereum Trust led withdrawals with $88.9m and $50.4m outflows, respectively. Fidelity’s FETH recorded $79.7m of redemptions, followed by BlackRock’s ETHA at $8.3m, JPMorgan’s QETH and Franklin Templeton’s EZET each at $7.4m, and VanEck’s ETHV at $1.6m. Only Bitwise’s ETHW saw a $2.9m inflow.
These verified figures highlight shifts in institutional allocations and liquidity dynamics for the Ethereum spot ETF market. Traders can use this data on ETF flows for portfolio positioning and risk management. This net outflow underscores short-term selling pressure amid evolving market sentiment and may influence price volatility.
Bearish
The significant $241M weekly net outflow from Ethereum spot ETFs signals a bearish short-term outlook. Substantial withdrawals from major products—especially Grayscale’s ETHE and Ethereum Trust—indicate institutional caution and potential selling pressure on ETH. Similar trends were seen in early 2023 when Bitcoin ETF redemptions coincided with price dips. The uneven fund flows, with outflows from large providers and minor inflows to niche products like ETHW, point to selective repositioning rather than broad-based buying. In the near term, reduced ETF liquidity may amplify volatility and downside risk. Over the long term, however, institutional interest could stabilize if market conditions improve, making this a tactical bearish signal rather than a signal of diminished fundamental demand.