Ether ETFs Face $952M Outflows as Risk-Off Mood Weighs on Markets
Spot ether exchange-traded funds recorded their fifth consecutive day of redemptions, with investors withdrawing $952 million this week, including $787 million across the shortened four-day session, SoSoValue data showed.
Friday alone accounted for $446.7 million in outflows, the steepest daily drop. The move contrasted with spot bitcoin ETFs, which attracted $246.4 million in inflows this week after a difficult August, when they shed more than $751 million. Ether ETFs, meanwhile, had just come off a record month with $3.87 billion in inflows.
Despite the recent selling, ether remains up over 16% in the past month, buoyed by the passage of the GENIUS Act, which tightened rules on stablecoin issuers and offered clearer pathways for institutional adoption. Still, ETH slipped 1.8% over the past week, trading just under $4,300.
Analysts said the reversal reflects a broader risk-off rotation after weak U.S. jobs data raised fears of a slowing economy. Traders now assign an 89% probability to a 25-basis-point Fed rate cut in September and an 11% chance of a larger half-point move, according to the CME FedWatch tool. Polymarket odds place the 50-basis-point scenario at 12%.
Safe-haven flows continue to build, with gold breaking above $3,600 for the first time amid heightened economic and geopolitical uncertainty.
