- The funds experienced net outflows totaling $787.6 million between Tuesday and Friday.
- During the same period, Bitcoin ETFs recorded $250.3 million in net inflows.
- This weekly reversal follows a strong August for Ether ETFs, which drew $3.87 billion in inflows.
U.S.-based spot Ether exchange-traded funds (ETFs) registered four consecutive days of net outflows during the shortened trading week following Labor Day, reversing some of the momentum built up in August.
Between Tuesday and Friday the funds lost $787.6 million in total, with the largest single-day decline on Friday when $446.8 million exited the products, according to data from Farside.
| Date | ETHA (BlackRock) | FETH (Fidelity) | ETHW (Bitwise) | TETH (21Shares) | ETHV (VanEck) | QETH (Invesco) | EZET (Franklin) | ETHE (Grayscale Mini) | ETH (Grayscale ETHE) | Total |
|---|---|---|---|---|---|---|---|---|---|---|
| 02 Sep 25 | 0.0 | (99.2) | (24.2) | (6.6) | 0.0 | 0.0 | 0.0 | (5.3) | 0.0 | (135.3) |
| 03 Sep 25 | (151.4) | 65.8 | 20.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26.6 | (38.2) |
| 04 Sep 25 | 148.8 | (216.7) | (45.7) | 0.0 | (17.2) | (2.1) | (1.6) | (26.4) | (6.4) | (167.3) |
| 05 Sep 25 | (309.9) | (37.8) | 0.0 | (14.7) | 0.0 | 0.0 | 0.0 | (51.8) | (32.6) | (446.8) |
By contrast, Bitcoin ETFs experienced $250.3 million in net inflows over the same timeframe.
The weekly outflow for Ether ETFs comes after a robust August that saw those funds attract $3.87 billion in new money, while Bitcoin ETFs recorded $751 million in outflows for the month.
Long-term optimism
Despite the recent outflows, many market participants maintain a bullish stance on Ether’s long-term prospects.
On Wednesday, BitMine chairman Tom Lee reiterated his forecast that ETH could eventually reach $60,000. Speaking on the Medici Presents: Level Up podcast, Lee argued that growing Wall Street interest in Ether could mark a transformational moment for the asset, likening it to the 1971 shift away from the gold standard.
BitMine is currently the largest Ether treasury company, holding roughly $8.04 billion worth of ETH, according to StrategicETHReserve data.
Together, Ether treasury firms now control about 2.97% of the token’s circulating supply, valued at approximately $15.49 billion at the time of publication.
Whale accumulation
Blockchain analytics firm Santiment highlighted that large Ether holders have been steadily increasing their positions, a trend that could underpin prices even as ETF flows fluctuate.
Wallets holding between 1,000 and 100,000 ETH — values that translate to roughly $4.31 million to $430.63 million — have increased their balances by 14% since April, when Ether reached its yearly lows.
“In exactly 5 months, they have added 14.0% more coins,” Santiment noted in a post on X, suggesting that continued accumulation by sizable holders may provide a stabilizing influence.
Market context
As of Saturday, Ether traded around $4,313 and Bitcoin around $110,238.
The contrasting ETF flows underscore shifting sentiment between the two largest cryptocurrencies as traders assess macroeconomic developments, evolving regulatory clarity, and the pace of institutional adoption.
While short-term flows turned negative for Ether during the holiday-shortened week, its strong performance in August and ongoing interest from institutional players indicate investors remain divided over whether recent outflows signal a temporary pause or the start of a broader rotation back into Bitcoin.