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3w ago

Ether ETFs Log $788 Million in Weekly Outflows as Friday Redemptions Hit Second-Highest on Record

Profit-taking under macro jitters prompted a rotation toward Bitcoin ETFs.

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Spot ether etfs shed $952m over 5 days as recession fears grow

Overview

  • U.S. spot Ether funds saw $787.6 million exit over the shortened week, capped by $446.7 million in redemptions on Sept. 5, the second-largest single-day outflow since launch.
  • BlackRock’s ETHA led the withdrawals on Friday with roughly $309.9 million in net outflows, with additional redemptions reported at Grayscale and Fidelity products.
  • Bitcoin spot ETFs drew net inflows over the same stretch, including $301.3 million on Sept. 3 and about $250.3 million for the week, signaling a short-term rotation in crypto exposure.
  • ETH trades near $4,300 after recent highs close to $4,900, while cumulative Ether ETF net inflows remain materially positive at roughly $12.7 billion by the latest snapshots.
  • On-chain data showed large buyers stepping in, with three new whale addresses accumulating nearly $230 million worth of ETH as ETFs saw accelerated redemptions.