Before Christmas, ETH ETF faced "bloodletting"! BlackRock sold back 139 million, retail investors beware of bottom fishing

In the week before the Christmas holiday, Ethereum ETF suddenly experienced a large outflow of funds! On December 15, the US spot ETH ETF saw a net outflow of 224.94 million USD in a single day, the most surprising part is that — BlackRock, the bullish leader over the past two years, became the largest seller.

Data shows that BlackRock iShares ETHA saw an outflow of 139.26 million USD (accounting for 61% of total outflows), Grayscale ETHE reduced its position by 35.1 million USD, and Bitwise ETHW had an outflow of 13.01 million USD. Currently, the ETH ETF has seen a net outflow for three consecutive days, with no ETF experiencing inflows, and institutional buying has completely dried up.

Institutions suddenly turned, and there are two interpretations in the market: either they are pessimistic about ETH's short-term trend and unwilling to continue buying, or they are adjusting their portfolios at year-end, converting underperforming ETH into cash or reallocating to Bitcoin.

From the overall season, the ETH ETF had a net outflow of 465 million USD in November. With liquidity tightening, ETH, as a high-risk asset, is the first to be affected. It is advised that retail investors should not blindly believe in bottom fishing; first observe whether BlackRock returns to the buying side and if the ETF can see a continuous net inflow again, otherwise the downward pressure may not have eased.