Ethereum ETFs have suffered another day of outflows, dragging ETH below the key $4,000 mark as institutional sentiment turns bearish.
Summary
- Ethereum ETFs posted outflows reaching $251 million on Sept 25, the largest single-day redemption this week, reflecting sharp institutional pullback.
- Fidelity’s FETH fund accounted for over 60% of the day’s losses, with $158 million withdrawn.
- ETH price has dropped to $3,900, currently testing support around $3,800.
Ethereum ETFs recorded net outflows of $251.20 million on Sept. 25, marking the fourth consecutive day of withdrawals. Per SoSoValue data, the bulk came from Fidelity’s FETH fund, which saw $158 million leave the market, underscoring the sustained bearish sentiment around Ethereum-focused institutional products.
Grayscale’s ETHE and Bitwise ETHW followed far behind with $30 million and $27 million, respectively, while VanEck ETHV posted the lowest figure of $1.4 million.
The latest withdrawals marked the largest single-day redemption this week and pushed the week’s total losses to more than $547 million, underscoring waning demand for Ethereum exposure among institutional investors.
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By comparison, Bitcoin ETFs have fared better. While they also posted similar outflows in the latest session, their weekly performance has been significantly stronger than their ETH (ETH) counterparts.
Ethereum ETF outflows deepen price woes
The heavy withdrawals in the exchange-traded funds come as Ethereum continues to trade lower, now below the 4,000 mark. At press time, ETH sits at $3,939, down roughly 2.3% on the day and 13% over the past week.
The second-largest cryptocurrency has seen a consistent downtrend that has erased a large chunk of its recent gains, now close to the $3,800 support zone. On the technical side, indicators suggest weakened momentum and potential for a technical rebound if buyers step in.
If the decline persists and Ethereum fails to hold above $3,900, the next key support sits near $3,750–$3,800, while upside attempts will face resistance around $4,100.
Overall, market sentiment appears fragile, with ETH’s inability to stabilize suggesting caution in the short term. A reversal will likely require a clear bullish catalyst or macro shift.
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