Ethereum News Today: Spot Ethereum ETFs Post $59.3M Outflows, Ending 8-Day $3.7B Buying Streak

Spot Ethereum ETFs experienced a significant shift on August 15, recording $59.3 million in net outflows, marking the first negative flow in nearly two weeks and ending an 8-day buying streak that had accumulated $3.7 billion [1]. This outflow came despite Ethereum trading close to its all-time high, having reached $4,781.24 on August 14—its highest level since November 2021—before a volatile selloff was triggered by stronger-than-expected Producer Price Index data, which led to a $1.05 billion liquidation event in the crypto markets [1].

During the selloff, BlackRock stood out as an exception, with its Ethereum ETFs—specifically the ETHA fund—posting a $338 million inflow [1]. Over the previous 30 days, BlackRock had increased its Ethereum holdings by 65%, more than 15 times the rate of Bitcoin accumulation [1]. The asset manager’s total crypto holdings now amount to $100 billion, with Ethereum valued at $15.07 billion and Bitcoin at $90.36 billion [1].

Institutional confidence in Ethereum was further demonstrated by BlackRock’s $1 billion accumulation during the selloff, which included 105,900 ETH valued at $488 million [1]. Other institutional players also contributed to the buying pressure, with BitMine Immersion Technologies purchasing an additional 106,485 ETH worth $470.51 million in a 10-hour period, bringing its total Ethereum holdings to 1.297 million ETH valued at $5.75 billion [1].

Amid the broader market decline, which saw crypto markets lose $133 billion in a single 24-hour period and over 221,000 traders face liquidations [1], Ethereum ETFs continued to attract strong interest from institutional investors. This contrasts with Bitcoin, which saw peak bullish sentiment at its $125,000 high—often a contrarian indicator of potential price correction [1]. In contrast, Ethereum maintained a more cautious sentiment, with social metrics showing that retail investors remained fearful despite the asset’s strong performance [1].

Technical indicators also suggest a bullish bias for Ethereum. The ETH/BTC ratio crossed above its 365-day moving average, historically a sign of Ethereum outperforming Bitcoin during bullish cycles [1]. Additionally, spot trading volume for Ethereum reached 1.66 times that of Bitcoin last week—the highest ratio since June 2017 [1]. Ethereum is currently consolidating near $4,400 after breaking above its previous cycle high of $4,800. The critical support level at $4,367 will need to hold to confirm the breakout [1].

Looking ahead, the concentration of liquidity above current levels—particularly in the $4,800–$5,200 range—suggests potential for a short squeeze should Ethereum test that area [1]. The recent ETF outflow occurred during a period of retail fear rather than euphoria, historically a favorable environment for institutional accumulation [1].

The event underscores the growing divergence in market positioning between Bitcoin and Ethereum. While Bitcoin’s sentiment is increasingly seen as overbought, Ethereum’s cautious retail positioning and strong institutional backing suggest continued upside potential. As BlackRock and other major institutions continue to accumulate Ethereum at a faster pace than Bitcoin, the narrative of Ethereum’s renewed strength appears well-supported.

Source:

[1] Spot Ethereum ETFs Post $59M Outflows, Breaking 8-Day $3.7B Buying Streak. (2025, August 16). https://cryptonews.com/news/spot-ether-etfs-post-59m-outflows-breaking-8-day-3-7b-buying-streak/