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US Spot Ether ETFs Record Five Consecutive Outflow Days
US-listed spot Ether (ETH) exchange-traded funds (ETFs) registered a fifth straight day of net outflows last week as Ether’s price slid roughly 10%. According to Farside data, ETFs tied to spot ETH posted $248.4 million in outflows on Friday alone, bringing the weekly total to approximately $795.8 million. CoinMarketCap data shows Ether traded near $4,013 at time of publication, down 10.25% over seven days and about 12.24% over the past 30 days.
Recent outflows mirror weakening retail demand
Analysts point to cooling retail participation as a primary factor behind the sustained withdrawals from spot Ether ETFs. Crypto strategist Bitbull called the selling streak a sign of capitulation, noting that “panic selling has been so high.” Exchange-level metrics also reflect diminished retail appetite: net taker volume on Binance has remained negative through the past month, highlighting persistent sell-side pressure on ETH.
Staking Expectations Add a Layer of Market Anticipation
Market observers are watching closely for a potential shift in ETF mechanics should US regulators allow staking within spot Ether ETFs. Industry anticipation intensified after reports on Sept. 19 that Grayscale is preparing to stake a portion of its sizable Ether holdings — a move market participants interpret as a vote of confidence that the US Securities and Exchange Commission (SEC) may soon permit staking inside exchange-traded products.
What staking approval could mean for ETFs
If the SEC green-lights staking for spot Ether ETFs, funds could generate yield on held ETH, potentially reducing selling pressure and making ETFs more attractive to yield-seeking investors. However, regulatory clarity remains the critical variable; until explicit approval is granted, outflows and short-term volatility may persist.
Bitcoin ETFs: Big Launch, Mixed Flows
While Ether ETFs faced consecutive outflows, spot Bitcoin (BTC) ETFs also experienced net withdrawals totaling about $897.6 million across the same five-day window. Bitcoin slipped roughly 5.28% over the past week, trading near $109,551 at the time of reporting. ETF analyst James Seyffart acknowledged that Bitcoin ETFs "haven’t been perfectly hot the past couple of months," but emphasized their historic scale, calling them "the biggest launch of all time" and saying inflows overall remain unprecedented.
Implications for crypto markets and investors
The simultaneous movement of ETH and BTC ETFs underscores a market in search of fresh catalysts. For Ether, the near-term story centers on retail participation, regulatory signals on staking, and broader macro pressures that influence liquidity. For investors, these developments highlight the need to monitor ETF flow data, exchange-level trading activity, and any formal SEC guidance on staking integration.
In summary, spot Ether ETFs saw nearly $796 million in weekly outflows as ETH dropped double digits. The market now awaits clearer signals on staking approval and whether institutional strategies — such as Grayscale’s reported plans to stake holdings — will shift the supply-demand balance for Ether in the months ahead.
Source: cointelegraph
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