Ethereum Spot ETFs See Five Straight Days of Net Outflows, Set Record for Weekly Fund Exodus

Ethereum spot exchange-traded funds (ETFs) continue to struggle, with five consecutive days of net outflows and the largest weekly fund outflow on record.

 

Data shows that for the week ending September 26, a total of $795.8 million flowed out, with an additional $248.4 million exiting on September 27.

 

This outflow surpasses the previous weekly record. For the week ending September 5, $787.7 million had flowed out of Ethereum spot ETFs.

Panic Selling

This pullback aligns with a 10.25% price drop in Ethereum over the past week. As of now, Ethereum’s price stands at $4,007.58, down 11.08% over the past month.

 

Crypto asset manager BitBull noted that these outflows signal investor panic, as the current selling wave is intense.

 

As crypto investors lose interest in Ethereum, Binance’s “taker” net trading volume remained negative this month, indicating persistent buyer weakness.

 

Additionally, BlackRock sent a key signal last week, with over $200 million flowing out of its industry-leading ETHA fund.

Technical Threats

From a technical perspective, Ethereum is struggling to hold the key support level of $3,875, which is under significant strain.

 

 

A break below this level could see Ethereum fall to $3,626 or even $3,403, where the 100-day and 200-day moving averages converge near these critical zones.

 

In contrast, Bitcoin spot ETFs saw $897.6 million in outflows over the same period, with a weekly price drop of 5.28%. However, analysts highlight a clear distinction between the two.

 

Industry analyst James Seyffart acknowledged that while Bitcoin ETFs have underperformed in recent months, they remain among the largest issuance projects ever.

 

This contrast underscores Ethereum’s deeper confidence crisis. If the support level is breached, technical pressure could trigger a sharper decline.