2 hours ago
5 
According to Farside data, funds tracking Ethereum shed $248 million on Friday alone, pushing total weekly redemptions to nearly $800 million.
The pullback has mirrored ETH’s market slide, with the token losing more than 10% over the past week and 12% across the last month. The last comparable streak of withdrawals occurred in early September, when Ethereum was hovering near $4,300. At press time, ETH was trading just above $4,000.
Analysts suggest the wave of exits may reflect panic selling. Bitbull called the pattern “capitulation,” while other market watchers note that retail participation has weakened. Binance has reported negative net taker volume for a month, a sign that sell-side pressure remains dominant.
Despite this bearish tone, attention is turning to what could come next for Ethereum ETFs: staking. Grayscale is reportedly preparing to allocate part of its ETH reserves to staking, a move some interpret as a bet that regulators will eventually allow the feature to be included in exchange-traded products.
Approval could change the dynamics of inflows and create a new revenue stream for funds.
Bitcoin ETFs have also faced withdrawals, with nearly $900 million in outflows recorded over the same five-day span. Still, analysts remain upbeat about their performance. Bloomberg’s James Seyffart argued that while flows have cooled recently, the products remain the most successful ETF debut in history. “The amount of money that has come in here is unlike anything we have ever seen,” he said.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
The post Investors Exit Ethereum ETFs While Market Awaits Staking Approval appeared first on Coindoo.
Bengali (Bangladesh) · 
English (United States) ·