Ethereum ETFs saw $542 million in net outflows last week!
BlackRock alone accounted for 88% of that, so this is a signal we should keep an eye on～

I came across some data today that I found pretty interesting,
so I thought I’d share it with everyone 🥰

According to SoSoValue, $ETH spot ETFs saw $542 million in net outflows last week. BlackRock’s ETHA alone saw $477 million flow out, nearly 88% of the total. This isn’t just ordinary “fund rotation.”

So who’s heading for the exits?

BlackRock’s ETHA recorded outflows on all five trading days last week. On Tuesday, it saw $201.9 million in redemptions in a single day—the same day ETHA’s reverse stock split took effect. Institutions choosing this moment to pull out en masse sends us a signal: this isn’t short-term portfolio rebalancing～

Ethereum ETFs as a whole have now seen net outflows for nine consecutive trading days. Nearly $700 million has flowed out since September 29, and Ethereum ETF net assets fell 10% in a week 🤯

Here’s how I see it:
Ethereum ETFs have still had $13.2 billion in cumulative net inflows, so $700 million flowing out over nine days isn’t exactly a devastating blow. Besides, while ETFs are seeing outflows, whales on-chain are buying in—adding 166,000 ETH over 72 hours～

Institutions selling while whales are buying—historically, this kind of picture usually doesn’t mark a market top～

That said, there’s definitely short-term pressure. ETF redemptions mean selling $ETH on the spot market, so the price pressure is still there. But the fundamentals haven’t changed; what has changed is macro investors’ appetite for risk assets.

Just a reminder: don’t let one week of outflows scare you into selling at a loss, and don’t go all in just because whales are buying the dip either. We’re in charge of our own money 🥰

What do you think? Feel free to share your thoughts in the comments～
#以太坊现货ETF上周净流出5.42亿美元