The ETF Ethereum registered their greatest weekly exit while ETH falls 10%

By Hannah Pérez

The ETF Ethereum in cash in the US closed the week with a record output of USD $ 796 million as ETH dropped 10%. Despite the difficult week, ETH now shows recovery signals above USD $ 4.021.

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• The ETF Ethereum in cash in the US closed the week with a record output of USD $ 796 million.
• Its greatest historical exit occurred as ETH fell under USD $ 4,000, losing 10% weekly.
• Despite the challenging week, the price of ETH now shows recovery signals.

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The funds quoted in the stock market (ETF) of Ethereum In cash in the United States they registered a record streak of departures this week, accumulating a total of USD $ 795.5 million, according to data from Sosovalue.

This negative brand The worst weekly performance since the launch of these funds in July 2024exceeding the previous record of USD $ 787.7 million registered during the first week of September.

This performance dramatically contrasts with the months of July and August, when the ETFs of Ethereum They attracted mass tickets of USD $ 5.4 billion and USD $ 3.8 billion, respectively. However, so far in September, the funds have accumulated net exits of USD $ 388.6 million, reflecting a significant change in the feeling of the market.

Institutional interest in Ethereum cools

The rise of the previous months was promoted by renewed institutional interest in Ethereum (ETH), the second largest cryptocurrency for market capitalization, led by companies such as Bitmine and Sharplinkwhich accumulated 2.4 million and 838,730 ETH, respectively, consolidating as the largest corporate criptomoned treasures.

However, this enthusiasm has vanished in the midst of a general slowdown in the crypto market, influenced by macroeconomic factors such as fears of persistent inflation in the United States and uncertainty about the course of monetary policy. The Federal Reserve (Fed) cut the rates last week, but it still does not confirm if there will be another cut this year.

The price of ETH, which in August reached a historical maximum close to USD $ 5,000, has fallen by 12% in the last 30 days and more than 18% since that peak. During this week, ETH lost 10% of its value, falling below USD $ 4,000 on Thursday after the publication of key economic data in the US, which led investors to reduce their appetite for risk assets.

Eth recovers afterdifficult mana for ETFs

According to Sosovalueall ETFs of Ethereum The cash registered exits in at least one session this week. THE FETH FUND OF Fidelity He led the losses with USD $ 362.3 million between September 22 and 26. He was followed by the ETF Etha of Blackrockwith a negative flow of USD $ 241.8 million, and the ETHW fund of Bitwisewith outputs of USD $ 78.3 million. Only two funds, TETH of 21Shares and Ethe of Grayscalethey registered net tickets on Friday, for modest amounts of USD $ 8 million and USD $ 17.9 million, respectively.

Bitbull cryptocurrency analyst commented that this Reflexes Reflects “A capitulation signal, since panic sales have been very high “.

In parallel, the ETFs of Bitcoin in cash in the US also faced a difficult week, with total exits of USD $ 902 million.

Despite the fall, ETH showed signs of recovery After touching a local minimum of USD $ 3,846 in the middle of this week, a level not seen since the beginning of August. At the close of this edition, the price of ETH was at USD $ 4,021, 2.2% more in the last 24 hours, although it still accumulates a 65% gain in the last three months, according to data from data from Coingcko.

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Article written with the help of AI, edited by Diariobitcoin

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