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2h ago

U.S. Spot Ethereum ETFs Log Record $796 Million Weekly Outflows as Ether Recovers Above $4,000

A sharp Ether drop triggered risk-off withdrawals from major funds according to flow data.

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Bitcoin and ether etfs close the week in red as outflows top $660 million

Overview

  • Outflows from U.S.-listed spot Ethereum ETFs reached $795.6 million for the week ending Sept. 26, the largest weekly withdrawal since their July 2024 launch, per SoSoValue data reported by CoinCentral.
  • Fidelity’s FETH led redemptions with more than $362 million withdrawn, while BlackRock’s ETHA saw over $200 million in outflows during the week.
  • Ether fell below $3,950 on Thursday and Friday before rebounding above $4,000 by Saturday, coinciding with the heaviest redemptions.
  • Spot Bitcoin ETFs recorded roughly $902.5 million in weekly outflows, including a $418 million single-day withdrawal on Friday, with Fidelity’s FBTC accounting for about $300 million of that day’s total.
  • Analyst Rachael Lucas cited technical breakdowns, macroeconomic concerns, and liquidations as key drivers of the swift price move and associated fund withdrawals.