Ethereum ETF Flows Reverse: Investor Interest Wanes Above $3,000

Data regarding spot Ethereum ETF flows, which had shown a positive trend for a full week, has recently deteriorated, indicating a swift reversal in investor sentiment. Most notably, BlackRock’s ETH investors, who had recorded net inflows over the preceding four days, executed a significant net outflow transaction on Friday. This pattern was mirrored by Grayscale, which also saw substantial selling after experiencing positive inflows in the two days prior, suggesting that buying momentum for Ethereum has once again slumped.

Examining the weekly figures underscores this shift. Over the recently concluded 71st week, traditional investors were net sellers, offloading nearly 23,000 ETH. This contrasts sharply with the 70th week, which recorded a net inflow exceeding 100,000 ETH. This divergence suggests a clear pattern: investors show interest in "buying the dip" at lower prices, but once the price crosses the $3,000 threshold, the enthusiasm for accumulation quickly diminishes. This indicates a cautious market environment where conviction at higher price levels remains weak. $ETH