"ETH ETFs Bleed $300M as CME Teases Solana ETF"

Ethereum Price Analysis: Traders Pull $300M from ETH ETFs as CME Group hints Solana ETF listing

Ethereum (ETH) price closed February 2025 with a 33% loss, trading at the $2,200 mark. On-chain data suggests that Ethereum ETFs' influence on the market downtrend could intensify as fresh altcoin ETF approvals edge closer.

Ethereum (ETH) experienced intense selling pressure throughout February, reflecting broader bearish sentiment in financial markets. While major altcoins like XRP and Solana gained momentum following progress in their respective ETF filings, ETH price has struggled to retain investor interest.

ETH price chart above highlights a significant downturn, with ETH losing over 22% this week alone. The price tumbled from $2,800 on Monday to close near $2,220 on Friday. Zooming out, Ethereum’s closing price of $2,220 represents a staggering 33% decline from its February 1 opening price of $3,200.

Ethereum ETFs have seen a relentless wave of outflows, with institutional investors pulling over $300 million in the past seven trading days. The selling spree, which began last week, has now extended into this week, marking a period of sustained capital flight from ETH-based funds.

A detailed breakdown of the outflows according to Fairdside data shows that February 26 witnessed the largest single-day withdrawal at $94.3 million. The preceding days also recorded heavy selling:

• February 24: $78 million
• February 25: $50.1 million
• February 27: $71.2 million

No ETF inflows were recorded throughout this week, making it the first week in 2025 where Ethereum ETFs saw only outflows. This trend suggests institutional investors are either reallocating capital or hedging against further downside risk in ETH.

The persistent selling pressure has aligned with Ethereum’s sharp price decline, with the asset falling 22% this week and extending its monthly losses to 33%.