Key Takeaways:
• Spot Ether ETFs posted $787.6M in outflows over four trading days
• Friday alone saw $446.8M leave ETH ETFs, while Bitcoin ETFs gained $250.3M
• Despite short-term dip, Ether is up 16% in the past 30 days
• Analysts remain bullish, with long-term price predictions as high as $60K

Ether ETFs Face Outflows After Strong August

Spot Ether ETFs in the United States closed the shortened Labor Day week with four consecutive days of net outflows, underscoring the volatility that continues to define institutional appetite for digital assets. According to data from Farside, Ether ETFs recorded a total of $787.6 million in outflows over the week, with a single-day loss of $446.8 million on Friday.

The reversal stands in stark contrast to August, when spot Ether ETFs enjoyed a record $3.87 billion in net inflows. That surge came even as Bitcoin ETFs reported $751 million in outflows over the same month, signaling that investors were rotating capital into Ethereum. The recent outflows highlight how quickly sentiment can shift.

By comparison, Bitcoin ETFs closed the shortened week with $250.3 million in net inflows, suggesting that institutional interest in Bitcoin remained stronger even as Ethereum retraced. The data illustrates a tug-of-war between the two largest cryptocurrencies, with capital flows reflecting short-term performance trends and shifting narratives.

Crypto trader Ted noted that the pullback may be temporary. “I’m expecting inflows to return if Ethereum continues this pump,” he commented, pointing to ETH’s broader upward momentum over the past month. Despite the weekly setback, Ethereum remains up more than 16% in the last 30 days, according to CoinMarketCap.

At the time of publication, Ether traded at $4,301, down nearly 3% in the past seven days. The Crypto Fear & Greed Index registered a neutral reading, reflecting mixed investor sentiment as markets weighed the potential for further gains against ETF outflow pressures.

Analysts Maintain Long-Term Bullish Outlook

Despite the outflows, industry leaders continue to express strong confidence in Ethereum’s long-term trajectory. On the Medici Presents: Level Up podcast, BitMine chairman Tom Lee reiterated his prediction that Ether could eventually reach $60,000, describing Wall Street’s growing interest in the asset as a potential “1971 moment” for Ethereum — a reference to pivotal shifts in financial history.

BitMine, recognized as the largest Ether treasury company, currently holds $8.04 billion worth of ETH, according to data from StrategicETHReserve. Across the industry, Ether treasury companies collectively control 2.97% of the total supply, valued at $15.49 billion at the time of reporting.

On-chain data also suggests confidence from large holders. Analytics platform Santiment reported that Ether whales, defined as wallets holding between 1,000 and 100,000 ETH, have added 14% more coins in the past five months. The steady accumulation followed Ethereum’s dip to yearly lows in April, when many whales capitalized on discounted prices to expand their positions.

These long-term accumulation trends, combined with Wall Street’s accelerating embrace of tokenized assets, indicate that the recent outflows may reflect short-term positioning rather than a deeper shift away from Ethereum. For now, Ether remains a central focus of institutional strategy, balancing near-term ETF outflows against a broader narrative of growing adoption and shrinking supply.