Ethereum ETFs log $447M in outflows, but institutions keep buying
U.S. spot Ethereum ETFs saw one of their biggest sell-offs yet, with $446.7 million leaving the products on September 5. The withdrawals marked the second-largest single-day outflow since the ETFs launched earlier this year.
The redemptions extended a four-day streak of selling that began on August 29, totaling more than $500 million in exits. Ethereum’s price reflected the pressure, ending the week at $4,300, down 1.7%.
BlackRock’s ETHA fund saw $309.9 million in withdrawals on Thursday, according to SoSoValue data. Grayscale’s Ethereum products lost a combined $72.6 million, while Fidelity’s FETH shed $37.8 million. 21Shares’ ETHX also saw $14.7 million pulled.
Other issuers, including Bitwise, VanEck, Franklin Templeton, and Invesco, reported no significant flows. Despite recent turbulence, Ethereum ETFs still hold $33.8 billion in assets, equal to about 3% of ETH’s total market value, with cumulative inflows since launch at $12.8 billion.
While ETFs saw sharp outflows, institutions are quietly buying. Bitmine purchased more than 150,000 ETH in two large trades, while SharpLink Gaming and The Ether Machine also added to their holdings.
Analysts suggest the ETF withdrawals reflect short-term profit-taking and broader macroeconomic pressures, not a loss of confidence. Long-term investors continue to see Ethereum as a key asset in their portfolios.
BlackRock’s ETHA fund saw $309.9 million in withdrawals on Thursday, according to SoSoValue data. Grayscale’s Ethereum products lost a combined $72.6 million, while Fidelity’s FETH shed $37.8 million. 21Shares’ ETHX also saw $14.7 million pulled.
Other issuers, including Bitwise, VanEck, Franklin Templeton, and Invesco, reported no significant flows. Despite recent turbulence, Ethereum ETFs still hold $33.8 billion in assets, equal to about 3% of ETH’s total market value, with cumulative inflows since launch at $12.8 billion.
While ETFs saw sharp outflows, institutions are quietly buying. Bitmine purchased more than 150,000 ETH in two large trades, while SharpLink Gaming and The Ether Machine also added to their holdings.
Analysts suggest the ETF withdrawals reflect short-term profit-taking and broader macroeconomic pressures, not a loss of confidence. Long-term investors continue to see Ethereum as a key asset in their portfolios.
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