Spot Ether ETFs Bleed $1B as Macro Fears Grow

Spot Ether exchange-traded funds (ETFs) recorded over $1.04 billion in net outflows across six consecutive trading days, as investors pulled back in response to growing macro uncertainty and fading confidence in rate-cut tailwinds.

On Monday, Ether (ETH) ETFs saw a net outflow of $96.7 million, led by BlackRock’s ETHA, which recorded $192.7 million in withdrawals. This was partially offset by $75 million inflows into Fidelity’s FETH, $9.5 million into Grayscale’s ETHE and $11 million into its mini fund.

Total trading volume reached $1.52 billion, with overall net assets falling to $27.39 billion, representing 5.28% of Ether’s market cap, according to data from SoSoValue.

Overall, spot Ether ETFs shed $1.04 billion in net outflows over the past six trading days, with the largest daily withdrawal of $446.7 million on Friday and the smallest at $38.2 million on Wednesday.

Related: Crypto ETFs Log Outflows as Ether Funds Shed $912M: Report

Confidence wavers in economic boost

The sell-off comes as traders reassess the Federal Reserve’s path. Despite a 100% probability of a 25bps cut in September per the CME FedWatch Tool, leading strategists warn that rate cuts may not provide the expected economic boost.

David Kelly, chief global strategist at JPMorgan Asset Management, said lower rates could reduce retirement income and dampen business sentiment, potentially worsening the macro backdrop.

This growing risk-off sentiment is visible across markets. Treasury yields remain soft, the US dollar trades sideways, and gold is climbing, classic signs of defensive positioning, according to the Bitunix Analyst desk.

The analysts said that ETH is hovering above the $4,250–$4,300 support level, with key resistance near $4,500. Bitcoin has similar dynamics, with liquidation data showing strong interest near $108,800 and resistance around $114,200.

Related: SEC Approval Of Listing Standards Can Mainstream Crypto ETFs

Spot Bitcoin ETFs attract $368 million

Meanwhile, spot Bitcoin (BTC) ETFs turned positive on Monday, recording a $368.25 million net inflow, snapping a two-day outflow streak that saw over $387 million pulled.

Total trading volume across Bitcoin ETFs reached $3.02 billion during the day, with total net assets climbing to $145.41 billion. The strong inflow helped offset earlier losses, lifting cumulative net inflows back to $54.86 billion.

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