Ethereum Spot ETFs Offload $788M in a Week as ETH Falls
US-based Ethereum spot ETFs posted record weekly net outflows of $788 million in the week ending Sept. 5. BlackRock’s iShares Ethereum Trust (ETHA) led withdrawals with about $310 million redeemed, followed by Fidelity’s Ethereum Fund (FETH) at $288 million. Grayscale’s Ethereum Trust (ETHE) and its Mini Trust saw $51.7 million and $32.6 million exit, while 21Shares’ Ethereum ETF (TETH) lost $14.7 million. Friday alone accounted for $446.7 million of the week’s outflows.
Total Ethereum spot ETFs AUM fell to $27.64 billion, or 5.28% of ether’s market cap, after cumulative inflows of $12.73 billion since launch. Ether’s price slipped below $4,500 to around $4,276, down nearly 1% in 24 hours and 2% over the week. Traders will monitor ETF outflows as a gauge of institutional demand and market sentiment.
Bearish
The record outflows from Ethereum spot ETFs indicate heightened selling pressure and a pullback in institutional interest, which could weigh on ETH’s short-term price momentum. Large weekly redemptions, especially concentrated on a single day, often reflect risk-off sentiment among traders and may trigger further price declines if persistent. In the longer term, sustained ETF outflows may signal waning confidence in Ethereum’s near-term outlook, potentially slowing inflows and dampening bullish catalysts until sentiment stabilizes.