All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Sport Ethereum ETFs from BlackRock and Fidelity funds saw the biggest withdrawals last week amid the ETH price correction.
- Technical breakdowns, macroeconomic pressures, and cascading liquidations in the crypto market triggered the sell-off.
Last week, spot Ethereum ETFs listed in the US experienced the largest weekly outflows, amounting to nearly $800 million, as the ETH price dropped below $4,000. The market sentiment around the altcoin has been bearish, as institutional flows into the ETF product flip to negative.
Analysts are now closely monitoring the ETH price movement to determine whether inflows can resume soon.
Spot Ethereum ETFs See Largest Weekly Outflows
Spot Ethereum exchange-traded funds (ETFs) recorded their largest-ever weekly outflows last week, as the broader crypto market declined, as mentioned in our earlier story.
According to SoSoValue data, the funds posted $795.6 million in outflows for the week ending Sept. 26, slightly surpassing the previous record of $787.7 million on the week ending Sept. 5. Trading volumes across the products topped $10 billion.
BlackRock’s ETHA fund, the largest spot Ethereum ETF with more than $15.2 billion in assets under management, saw over $200 million in withdrawals. Fidelity’s Ethereum Fund (FETH), the third-largest, registered $362 million in outflows over the same period.
The sell-off coincided with the ETH price drop below $4,000 late last week, with spot ETFs shedding about $250 million per day on Thursday and Friday. It marked the worst two-day stretch since mid-August, as a combination of technical breakdowns, macroeconomic pressures, and cascading liquidations accelerated the decline, analysts said.
In addition to the Ethereum ETF outflows, spot Bitcoin ETFs also faced heavy withdrawals last week, recording a combined $902.5 million in outflows across all listed products.
Will ETH Price Recovery Help in Resuming Inflows Again
Last week, amid the broader crypto market correction, the ETH price tanked to the lows of $3,800 before resuming its upward journey again. As of now, Ethereum is once again trading above the $4,000 resistance, with its market cap poised to surpass $500 billion.
Also, the daily ETH trading volumes have shot up by 61%, moving past $30 billion, highlighting strong bullish sentiment among traders. Furthermore, the Coinglass data shows that the ETH futures interest has surged by 4% to more than $56 billion, showing strong bullish sentiment among traders.
Crypto analyst Ted Pillows said Ethereum’s price jump today was largely driven by short liquidations rather than strong buying momentum. He noted that ETH must reclaim the $4,250 level to sustain further upside. Failure to do so could push the price back toward the $3,600–$3,800 support zone.
If the bulls gain control once again, spot Ethereum ETFs might see a renewed interest from institutional players. In the latest development, the US SEC withdrew delay notices related to staking features on proposed Ethereum exchange-traded funds (ETFs) for applications from top asset managers.
