Investors Pull $952M From Spot Ether ETFs in 5-Day Stretch on Recession Fears

Ether ETFs See $952M Outflows Despite Monthly Price Gains

Spot ether exchange-traded funds (ETFs) registered five straight days of outflows, with investors pulling $952 million this week, including $787 million during the shortened four-day session, according to SoSoValue.

Friday marked the sharpest decline, as $446.7 million exited ETH-linked products. The moves contrast with spot bitcoin ETFs, which brought in $246.4 million over the same period after suffering $751 million in outflows in August. Ether ETFs, by comparison, had logged a record $3.87 billion in inflows last month.

Ether itself has gained more than 16% over the past month, supported by the passage of the GENIUS Act, which restricts stablecoin issuers from paying interest and is seen as a catalyst for greater institutional adoption. However, the token slipped 1.8% in the past week, trading just under $4,300.

Analysts point to a broader pullback from risk assets amid weak U.S. jobs data and mounting recession fears. CME’s FedWatch tool now shows an 89% probability of a 25-basis-point cut at the Fed’s September meeting and an 11% chance of a 50-basis-point move. On Polymarket, the odds of the larger cut stand at 12%.

The risk-off tone has also boosted demand for safe havens, with gold surging above $3,600 for the first time.