TechFlow reported on September 24, according to Coindesk, that U.S. Ethereum ETFs experienced their largest outflow since July, with over $79 million withdrawn on Monday alone, indicating weakening institutional demand for Ethereum. Nearly all of the outflows came from Grayscale's ETHE, while Bitwise's ETHW saw a modest inflow of just over $1.3 million. Other products showed no significant inflows or outflows. The divergence between ETH price momentum and ETF outflows suggests continued investor uncertainty regarding the asset’s long-term growth outlook.
Peter Chung, Research Head at Presto Labs, said that compared to Bitcoin’s widely accepted "digital gold" narrative, Ethereum’s "world computer" story is less resonant with traditional finance (TradFi) investors. Augustine Fan, Head of Insights at SOFA.org, noted that although ETH rose due to the Fed's dovish stance, substantial ETF outflows reveal fragile market sentiment. Independent market analyst Nick Ruck pointed out that recent outflows may reflect broad pessimism about Ethereum’s growth prospects.
Previous report: On Monday (September 23, Eastern Time), spot Ethereum ETFs recorded a total net outflow of $79.21 million. On the same day, Grayscale’s Ethereum Trust ETF (ETHE) saw a single-day net outflow of $80.55 million.
