- Spot Ethereum ETFs have recorded four consecutive days of net outflows, totaling $167.41 million on Thursday alone.
- Fidelity’s FETH led the exits, while BlackRock’s ETHA stood out with positive inflows.
- Despite ETF outflows, Digital Asset Treasury (DAT) companies continue to aggressively accumulate ETH, signaling long-term confidence.
- ETH price has dipped 1.4% amid the outflows, but Friday’s US Non-Farm Payroll (NFP) report may provide a macroeconomic catalyst.
Ethereum ETFs Outflow Four Days Straight
The US spot Ethereum ETF market is showing signs of strain after four straight trading days of net outflows. According to Soso Value, outflows reached $167.41 million on Thursday, pulling Ethereum’s price down to $4,275.
Also Read: Ethereum Price Nears $2,570 as Exchange Outflows Fuel Rally
The largest hit came from Fidelity’s FETH, which saw a massive $216.68 million in withdrawals. Bitwise’s ETHW followed with $45.66 million in exits, while BlackRock’s ETHA bucked the trend with $148.8 million in inflows, offering a glimmer of resilience.
This downturn began on August 29 with $164.64 million in outflows, continuing with $135.37 million on September 2, and $38.24 million on September 3—making this the longest consecutive outflow streak for Ethereum ETFs since their approval.
DAT Companies Keep Accumulating ETH
While ETFs show weakness, Digital Asset Treasury (DAT) companies remain unfazed. Institutions continue to build their Ethereum reserves aggressively:
- Bitmine added 78,000 ETH on August 28 and another 74,300 ETH earlier this week.
- SharpLink Gaming acquired 39,000 ETH.
- The Ether Machine accumulated a staggering 150,000 ETH in a single day.
This sustained buying from treasury firms suggests long-term bullish sentiment, even as short-term ETF-driven pressure weighs on the market.
ETH Price Outlook Ahead of NFP Report
Despite institutional accumulation, ETF outflows have coincided with a modest 1.4% drop in ETH price. The broader market is now looking toward the upcoming US Non-Farm Payroll (NFP) report on Friday.
If job growth underperforms expectations, markets may revive hopes of Federal Reserve interest rate cuts, potentially reigniting demand for risk assets like Ethereum. A favorable macroeconomic shift could reverse ETF outflows and set ETH back on its upward trajectory.