Ethereum ETFs Suffer Streak of Déjà Vu 🙄

by

Alright! Let’s talk about the US-based spot Ethereum ETFs, which, much like that pair of old jeans, have been clinging to investors far less than they used to. Yup, they’ve registered a second consecutive week of capital outflows. 😅 Trust me, after all those glorious capital inflows, this definitely seems more like a graceless shopping return than a stylish transaction. 🛍️

US Ethereum ETFs Post $93.6 Million Outflow

So, get this: the latest scoop reveals that the Ethereum ETF market had a net outflow of $93.6 million on a day that doesn’t even warrant a second glass of wine, Friday, October 24, to be precise. This marked a brow-furrowing three-day streak of outflows. Oh, the drama!

Speaking of drama: BlackRock’s iShares Ethereum Trust, also known as ETHA-because we all need three ticker symbols-had the misfortune of losing nearly $101 million in value for the week. Meanwhile, Grayscale Ethereum Mini Trust (ETH), the only other active ETH ETF that day, somehow managed $7.4 million of capital influx. Clearly, someone’s having a better day.

A confusing $93.6 million performance compounded what was already a bleak week for US Ethereum ETFs, ballooning the total outflow to a whopping $243.9 million. The buzz of this second consecutive weekly outflow-since April no less-signals the death of the golden glow, hinting that investor appetite has taken a flight to cooler climes. Seems even ETFs need their summer holidays.

Ethereum Price Overview

Let’s face it, you can’t entirely blame the ETFs for acting like the teenagers they are-one minute they’re all the rage, the next they’re all in a phase. The Ethereum price played a dramatic role in their vicissitude; stodgy and left lingering beneath the pivotal $4,000 mark.

Currently, the price mocks us with a casual $3,950, a smug 0.7% gain that feels as thrilling as watching water boil. 😩

Featured image from iStock, chart from TradingView.

Read More

2025-10-26 13:19