Ethereum ETFs Bleed $429M in Largest Single-Day Outflow Since Early September
U.S. spot Ethereum ETFs saw $428.5 million in outflows on Monday, the sharpest single-day loss since September 2023. BlackRock's ETHA led with $310.1 million withdrawn, followed by Grayscale's $21 million and Fidelity's $19.1 million, per Farside Investors. This contrasts with $488 million in net inflows the previous week, which contributed to record year-to-date crypto fund deposits. The sudden reversal followed President Trump’s announcement of 100% tariffs on Chinese goods, sparking a widespread crypto selloff and massive liquidations estimated at $19–30 billion in leveraged positions. Analysts describe Monday’s outflows as a reaction to short-term macroeconomic uncertainty, not structural weakness, with institutional interest still strong. The market remains cautious, with investors waiting for more clarity. Ethereum’s fundamentals remain healthy, leverage is at its lowest since May, and technical signals suggest increasing buying momentum, providing potential price support. Ether has traded between $3,900 and $4,200, down 3.4% in 24 hours. Prediction markets put only an 8% chance of a rapid return to “Greed” market sentiment by Wednesday.
