Ether ETFs Experience Four-Day Outflow Streak Amid Minor Price Correction
US-based spot Ether exchange-traded funds (ETFs) recorded net outflows for four consecutive trading days during the shortened week impacted by the US Labor Day holiday. This follows a strong August performance where spot Ether ETFs attracted $3.87 billion in net inflows, contrasting with Bitcoin ETFs which saw $751 million in outflows for the same period, according to data from Farside.
On Friday alone, Ether ETFs shed $446.8 million, contributing to a total outflow of $787.6 million over the four days. During this timeframe, Bitcoin ETFs recorded $250.3 million in net inflows, indicating a divergence in investor interest between the two major cryptocurrencies.
Market Participants Anticipate Ether Inflows to Resume
Despite the recent outflows, several traders anticipate a rebound in Ether ETF inflows. Crypto trader Ted expressed optimism, stating, “I’m expecting inflows to return if Ethereum continues this pump.” Over the past 30 days, Ether has gained 16.35%, although it has experienced a slight decline of 2.92% over the last week, trading around $4,301 at the time of reporting, per CoinMarketCap.
Overall, crypto market sentiment remains mixed, with the Crypto Fear & Greed Index reflecting neutral readings over the last two days, underscoring uncertainty among investors.
Long-Term Ether Outlook Remains Strong
Prominent figures in the crypto space retain a bullish stance on Ether’s prospects. On the Medici Presents: Level Up podcast, BitMine chairman Tom Lee reiterated his long-term target of $60,000 for ETH. Lee likened Wall Street’s growing interest in Ether to a “1971 moment,” suggesting this could significantly drive the asset’s value upward.
BitMine, recognized as the largest Ether treasury entity, currently holds approximately $8.04 billion worth of ETH, based on StrategicETHReserve data. Collectively, Ether treasury companies control nearly 3% of the total supply, valued at $15.49 billion.
Supporting this positive outlook, crypto analytics platform Santiment reported that Ether whales—holders of 1,000 to 100,000 ETH—have increased their holdings by 14% since the token’s yearly lows in April. Santiment highlighted this accumulation in a recent X post, indicating sustained confidence among large-scale investors.
FinOracleAI — Market View
The recent outflows in Ether ETFs amid a minor price dip suggest short-term profit-taking or portfolio rebalancing. However, the strong inflows recorded in August and continued accumulation by whales and treasury companies underpin a positive medium-to-long-term outlook. Market participants should monitor ETF flow trends and broader crypto sentiment for signs of renewed institutional demand or potential volatility.
Impact: neutral
