Ethereum ETF Outflows Hit $555 Million as Selling Pressure Mounts

Investors have pulled about $555 million from U.S. Ethereum ETFs over two weeks, extending the recent trend of fund withdrawals.

According to data from SoSoValue, the nine U.S. spot Ethereum ETFs recorded their second straight week of outflows between October 20 and October 24, with investors pulling out roughly $243.91 million during the period.

Fidelity’s FETH led the week’s redemptions with $95.2 million in outflows, followed by BlackRock’s ETHA, which saw investors withdraw $89.1 million. Grayscale’s ETHE and ETH funds also contributed to the negative momentum, posting $26.1 million and $23.5 million in outflows, respectively.

Smaller movements were seen in Bitwise’s ETHW and VanEck’s ETHV, which together recorded about $10 million in outflows. The remaining Ethereum ETFs stayed neutral over the week.

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When combined with the previous week’s data, total outflows have now reached $555.7 million over two weeks—marking the first consecutive weekly withdrawals from Ethereum ETFs since April. Analysts say the trend points to cooling investor interest in Ether-based funds amid broader market uncertainty.

Meanwhile, Bitcoin ETFs saw renewed strength, with $446.36 million in inflows across 12 funds over the same period—a sharp rebound from the $1.23 billion in net outflows recorded the week before.

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Investors appeared to stay cautious about Ethereum ETFs as the price of ETH struggled to regain momentum following sharp declines earlier this month. The drop was largely driven by broader macroeconomic concerns and a renewed risk-off sentiment in global markets. Many traders were also waiting for key economic cues from the U.S. Consumer Price Index (CPI) report released last Friday—the first major economic data since the U.S. government shutdown began on October 1.

However, market sentiment has started to improve after the inflation data. The headline CPI rose slightly from 2.9% in August to 3.0% in September, while core inflation eased from 3.1% to 3.0%. This mild inflation reading boosted optimism that the Federal Reserve could move toward a rate cut soon. According to the CME FedWatch Tool, there is now a 96.7% probability of a 25 basis point rate cut this week—a shift that could help lift risk assets, including cryptocurrencies like Ethereum.

Ethereum Breaks Through $4,200 Resistance, Eyes Next Bullish Leg

After dipping to lows near $3,880 on October 24, Ethereum (ETH) regained strong bullish momentum over the weekend, finally breaking above the key $4,200 resistance level. At the time of writing, ETH was trading around $4,229, marking a 7% gain in the past 24 hours.

Market analysts suggest that Ethereum’s technical setup is signaling the potential for another impulsive leg higher in the near term.

According to crypto analyst Pascal, Ethereum appears to be completing its internal Wave 4 within the broader Primary Wave 3 pattern—a stage that typically precedes a powerful upward breakout.

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If this Elliott Wave count plays out as expected, Ethereum could be on the verge of entering Wave 5, with potential upside targets ranging between $5,800 and $6,300. This move would likely complete the broader Primary Wave 3 formation before a minor correction possibly brings ETH back toward the $5,000 zone.

With Ethereum now firmly above the $4,200 resistance level, market sentiment has turned increasingly optimistic. Traders are watching for a short-term move toward $4,600, supported by strengthening technical signals.

A bullish MACD crossover on the daily chart suggests growing momentum, while rising trading volumes indicate renewed investor interest. If the bullish structure holds, Ethereum could be gearing up for its next major rally in the coming weeks.

FAQs

1. Why are investors pulling money out of Ethereum ETFs?

Investors withdrew about $555 million from U.S. Ethereum ETFs over the past two weeks as market confidence weakened. Many traders are being cautious after Ethereum’s recent price drop and overall uncertainty in the crypto market.

2. Which Ethereum ETFs saw the biggest withdrawals?

Fidelity’s FETH fund recorded the highest outflows of $95.2 million, followed by BlackRock’s ETHA, which saw investors pull out $89.1 million. Grayscale’s Ethereum funds also faced steady redemptions, adding to the overall decline.

3. Are Bitcoin ETFs performing better than Ethereum ETFs?

Yes. While Ethereum funds saw money leaving, Bitcoin ETFs gained $446 million in new inflows. This shows investors are shifting their focus back to Bitcoin, possibly viewing it as a safer choice in the current market.

4. What’s affecting Ethereum’s performance right now?

Ethereum’s price has been under pressure due to global economic uncertainty and investors waiting for key U.S. inflation data. The recent CPI report showed mild inflation, which has raised hopes that the Federal Reserve might cut interest rates soon—a move that could boost crypto prices.

5. What are analysts expecting for Ethereum’s price next?

Experts believe Ethereum could be preparing for another strong rally. After breaking past the $4,200 resistance, ETH may rise toward $4,600 in the short term, and possibly $5,800–$6,300 if bullish momentum continues. Technical signals like a MACD crossover support this positive outlook.