Ethereum ETFs See $164M Outflows as ETH Dips Under $4.3K
Ethereum ETFs recorded $164.64 million in net outflows on August 29, ending a six-day inflow streak as ETH slipped under $4,300 amid broader market correction. Monthly Ethereum ETF inflows cooled to $3.87 billion in August from July’s $5.5 billion, while weekly net inflows remained robust at $1.08 billion. Grayscale’s Ethereum Mini Trust (ETHE) led outflows with $61.3 million, followed by Fidelity’s FETH ($51 million), Grayscale ETHE ($28.6 million) and Bitwise ETHW ($23.7 million). Bitcoin ETFs also saw withdrawals of around $126 million, reflecting risk-off sentiment across crypto funds.
On-chain data show treasury firms hold about 4.44 million ETH (3.67% of supply), valued near $19.3 billion. A major Bitcoin whale converted more than $3 billion in BTC to roughly 691,358 ETH via Hyperliquid, signaling continued institutional demand beyond short-term ETF volatility. Traders should monitor daily ETF flows, treasury balances, whale movements and macro catalysts such as Federal Reserve rate decisions to gauge ETH price direction.
Bearish
The $164.6 million outflow and ETH’s drop below $4,300 indicate immediate selling pressure and heightened risk-off sentiment among ETF investors, suggesting near-term bearish momentum. However, sustained weekly inflows of $1.08 billion, robust monthly subscriptions, substantial treasury holdings and a $3 billion BTC-to-ETH whale accumulation point to enduring institutional demand. While short-term price action may remain under pressure, these on-chain and fund flow indicators provide potential support for ETH over the medium to long term.