Ether ETFs Record $796M Weekly Outflows as Staking Approval Anticipation Grows

Sean Williams
Ethereum

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  • Ether ETFs saw five straight days of outflows, totaling $796M.
  • ETH price dropped 10% in a week, facing persistent sell pressure.
  • Anticipation builds for US approval of staking within Ether ETFs.

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Spot Ether exchange-traded funds (ETFs) in the United States have recorded five consecutive days of net outflows, shedding nearly $796 million in the past week. The downturn coincided with a 10% drop in Ether’s price, which is now trading just above $4,000.

Consecutive Outflows Pressure Ether Market

According to Farside data, Friday alone saw $248.4 million exit Ether ETFs, capping off a week of sustained withdrawals. This marks the first five-day outflow streak since early September, when ETH traded closer to $4,300. With Ether down over 12% in the past month, investor sentiment remains cautious.

Crypto analysts suggest the sell-off reflects capitulation among retail traders. Net taker volume on Binance has remained negative for weeks, highlighting ongoing selling pressure across the broader market.

Staking Approval Remains Key Question

Despite short-term weakness, anticipation continues to build around the possibility of staking being allowed in US spot Ether ETFs. On Sept. 19, Grayscale revealed plans to stake part of its ETH holdings, signaling confidence that regulators may soon permit staking in exchange-traded products. Analysts say such an approval could significantly boost inflows by adding an income-generating component to Ether ETFs.

Also Read: Solana Surpasses Ethereum in Tokenized Stock Volumes with $807M Market Share

Bitcoin ETFs Also See Outflows

Ether isn’t alone in facing pressure. Spot Bitcoin ETFs also recorded $897.6 million in outflows over the same five-day stretch, while Bitcoin’s price slid more than 5%. Still, ETF specialist James Seyffart emphasized that Bitcoin products remain a historic success, noting the scale of inflows since launch remains unprecedented.

Ether ETFs are facing their toughest stretch since September, weighed down by both price declines and investor uncertainty. While near-term selling continues, a regulatory green light on staking could shift the narrative quickly, potentially driving fresh institutional and retail interest into the asset class.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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