Ethereum ETFs Lose $429 Million in a Day — Biggest Outflow Since September

Ethereum ETFs See Major Outflows After U.S. Tariff Shock

U.S. spot Ethereum exchange-traded funds (ETFs) saw $428.5 million withdrawn on Monday, the biggest daily outflow since September 5, when investors pulled $446.8 million.

The largest withdrawal came from BlackRock’s ETHA, which lost $310.1 million, followed by Grayscale’s ETHE with $21 million, and Fidelity’s FETH with $19.1 million, according to data from Farside Investors.

Just a week earlier, Ethereum ETFs had $488 million in inflows, helping push total crypto fund deposits this year to a record $48.7 billion, based on a CoinShares report.

However, things turned around after President Donald Trump announced 100% tariffs on Chinese goods last Friday. The news caused a massive sell-off across the crypto market, wiping out $19–30 billion in leveraged trades within 24 hours.

According to Illia Otychenko, Lead Analyst at CEX.IO, Monday’s outflows were a reaction to the tariff news. “Investors are becoming cautious and waiting for clearer economic signals before re-entering the market,” he said.

Dean Chen, an analyst at Bitnunix, added that the withdrawals were likely a short-term reaction, not a sign of deeper weakness. “Institutional interest remains strong,” he explained, noting that the market could recover soon if outflows don’t continue in the coming days.

Markets calmed slightly over the weekend after Trump took a softer stance, saying trade tensions could ease soon and calling China’s export limits a temporary mistake.

Ethereum’s price has been moving between $3,900 and $4,200, down 3.4% in the last 24 hours, according to CoinGecko.

Despite the drop, Otychenko said Ethereum’s fundamentals remain strong, and its leverage levels are at the lowest since May — a sign the market may be healthier than it seems.

“Technical indicators show early signs of buying momentum,” he added, suggesting Ethereum could find short-term support as markets stabilize.