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Ethereum ETFs See Major Sell-Off After Record Inflows
4 Oct
Summary
- Ethereum ETFs saw $118 million in outflows over three days.
- Quarter-end rebalancing and investor rotation contributed to selling.
- Ethereum ETFs still hold $17.7 billion despite recent outflows.
Following a robust week of inflows totaling $690 million, U.S. spot Ethereum ETFs saw a reversal, experiencing outflows for three consecutive trading days from September 29 to October 1, with approximately $118 million withdrawn. This period of selling coincided with quarter-end rebalancing, as Ethereum's significant 57% gain in the third quarter made it a target for trimming. Notably, on October 1, while Ethereum funds lost $55 million, Bitcoin ETFs attracted $103 million, indicating a specific rotation away from Ethereum.
Despite these recent outflows, Ethereum ETFs continue to hold a substantial $17.7 billion in assets, exceeding the $13.8 billion investors have contributed since their launch. The recent withdrawals represent less than a fifth of the previous week's strong inflows, suggesting that demand for Ethereum ETFs has cooled rather than completely dried up. The coming week will be crucial in determining if this trend continues or if inflows will resume.
