Spot Ether ETFs see five-day outflow streak amid 10% price drop

• Ether ETFs post $795.8M outflows over 5 days as ETH price drops 10.8% to $3,995.
• SEC staking decision looms; Grayscale readies to stake ETH holdings amid pressure.
• Bitcoin ETFs face $897.6M outflows, but analysts call them “the biggest launch ever.”

US-based spot Ether exchange-traded funds (ETFs) have recorded their second prolonged outflow streak in less than a month, underscoring ongoing investor caution in the market.

The sell-off coincides with Ether’s (ETH) price slipping more than 10% over the past week, reflecting broader concerns around crypto demand and regulatory uncertainty.

Five straight days of outflows for Ether ETFs

According to data from Farside, spot Ether ETFs posted five consecutive days of net outflows this week, totaling $795.8 million.

Friday alone saw $248.4 million withdrawn, capping a difficult week for the products.

Ether’s price fell 10.8% to $3995.33 in the last 7 days at the time of writing.

This marks the first time Ether ETFs have logged a five-day outflow streak since the week ending September 5, when the asset traded near $4,300.

The repeated pressure suggests waning investor appetite in the short term, even as longer-term developments around staking could reshape market sentiment.

Staking approval could shift market dynamics

Market participants continue to watch for signals from the US Securities and Exchange Commission (SEC) on whether staking will eventually be permitted within spot Ether ETFs.

Staking, which allows investors to earn yield by locking up ETH, could provide an added incentive for long-term holders and bolster the utility of these products.

On September 19, it was reported that Grayscale is preparing to stake part of its significant Ether holdings, a move interpreted by some as a vote of confidence that regulators may soon allow staking within exchange-traded products.

Despite this potential catalyst, current trading data highlights persistent sell-side pressure.

Cointelegraph noted that net taker volume on Binance has remained negative over the past month, signaling that retail participation in Ether is cooling.

Crypto analyst Bitbull described the ETF outflow streak as “a sign of capitulation as the panic selling has been so high.”

Bitcoin ETFs also face withdrawals

The selling trend was not limited to Ether.

Spot Bitcoin ETFs also recorded five days of outflows, amounting to $897.6 million over the same period.

Bitcoin’s price fell 5.28% in the past week, trading at $109,551 at the time of publication.

While recent outflows reflect cooling momentum, analysts remain broadly optimistic about Bitcoin ETFs’ long-term trajectory.

ETF analyst James Seyffart, speaking on a podcast Thursday, said that while Bitcoin ETFs haven’t been “perfectly hot the past couple of months,” they remain “the biggest launch of all time.”

“The amount of money that has come in here is unlike anything we have ever seen,” Seyffart said, adding that Bitcoin ETFs are performing “as good as you could possibly hope.”

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