Ethereum-tracking exchange-traded funds have turned a corner after nearly a week of heavy redemptions. The funds saw fresh inflows on September 9, breaking a multi-day losing streak that had drained hundreds of millions from the market.
Summary
- Ethereum ETFs ended a six-day outflow streak with $44.16 million in inflows on September 9, led by BlackRock’s ETHA.
- The losing streak had seen more than $780 million pulled, including record daily outflows of $447 million on September 5.
- ETH holds support near $4,280 as it trades above $4,300, reflecting consolidation before a potential move higher.
Ethereum ETFs recorded a $44.2 million net inflow on September 9, ending a six-day streak of redemptions. Per data from SoSoValue, the reversal came entirely from BlackRock’s ETHA fund, while the remaining eight listed U.S. ETF issuers saw no activity during the session.
The streak of redemptions began on September 3 and ran for six consecutive sessions, ending on September 8. Over that period, Ethereum ETFs shed more than $780 million in value, the second-largest multi-day outflow since the products launched. The worst day came on September 5, when investors pulled a record $447 million.
BlackRock’s ETHA, Fidelity’s FETH, and Grayscale’s ETHE were the hardest hit during the sell-off. ETHA alone lost more than $312 million across the six days, while Fidelity’s fund shed $288 million and Grayscale’s product saw withdrawals of about $83 million. Smaller issuers like Bitwise, VanEck, and 21Shares also reported consistent outflows, though at lower levels.
Bitcoin ETFs, by contrast, held up better during the same stretch, though their September 9 inflows were more modest at approximately $23 million. The latest reversal in ETH-tracking ETFs brings total assets back to roughly $27.39 billion, and comes as Ethereum (ETH) itself settles into a support zone and begins pushing higher.
Ethereum ETFs rebound as ETH shows resilience
Ethereum’s price has shown notable resilience over the past few days, holding firm above key support levels despite broader market turbulence. After dipping briefly, ETH has found strong footing near $4,280 and has since maintained a tight trading range just above the $4,300 mark.
Rather than succumbing to downward pressure, Ethereum’s price action has been marked by shallow pullbacks and recoveries, a signal that buyers remain active and conviction is holding. Each attempt to push lower has been met with renewed demand, reinforcing the idea that $4,280 is becoming a short-term floor.
This stretch of price consolidation suggests that ETH is entering a period of accumulation. Volatility has contracted, and trading volumes have normalized, pointing to a market that may be preparing for its next decisive move. For many, the ability to hold key levels during uncertainty is a bullish signal in itself.
If ETH continues to defend its current support, Ethereum ETFs may be positioned for a stronger recovery. Renewed confidence in the asset could draw fresh inflows after the recent setback, setting the stage for steadier demand.
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