US spot Ethereum exchange-traded funds recorded a net outflow of $2.81 million on September 29, breaking a seven-session stretch of positive flows. The reversal came after roughly $850.8 million entered the products during that run, showing a pause in momentum rather than a large-scale withdrawal.
On the same day, US spot Bitcoin ETFs continued to attract fresh money. They added $66.19 million in net inflows, extending their own positive streak to nine consecutive sessions and highlighting a divergence in daily demand between the two largest crypto ETF categories.
A strong ETH run pauses
The inflow streak for Ethereum ETFs began on September 18 after an earlier period of outflows. The strongest stretch came in the week ending September 25, when the funds brought in about $689.88 million, accounting for most of the recent gains.
Against that backdrop, the September 29 result stands out mainly because it interrupted a sustained period of buying. Even so, the overall daily outflow was limited, suggesting that the negative reading was relatively modest compared with the scale of recent subscriptions.
BlackRock outflow offsets other gains
Fund-level data showed that BlackRock’s ETHA registered the largest withdrawal on the day, with $8.94 million in outflows. That was the main drag on the group’s aggregate total.
Losses were partly offset by fresh buying elsewhere. Grayscale’s Ethereum Mini Trust posted $12.83 million in inflows, which helped keep the overall net outflow for US spot Ethereum ETFs small despite ETHA’s decline.
Ethereum price and assets remain in focus
Ethereum changed hands at around $2,673.54, down 3.32% over the past week, even as ETF inflows had remained strong for most of that period. The move underlines that steady fund demand has not automatically translated into short-term price gains.
Despite the latest daily setback, Ethereum ETFs still hold $17.79 billion in net assets. That equals about 5.45% of Ethereum’s market capitalization, while the products have attracted $979.69 million in net inflows over the past 30 days.
What the next flow reports may show
The week had opened with $14.29 million in net inflows for Ethereum ETFs, indicating that demand had not disappeared before the September 29 reversal. The next sets of daily flow data should clarify whether the ETHA outflow was an isolated event or the start of broader weakness across issuers.
For now, the confirmed picture is mixed: Ethereum ETF demand paused after a strong run, while Bitcoin ETFs continued to add assets. Whether that gap persists will depend on upcoming session data rather than a single day’s result.
Source: beincrypto.com