Ether Worth Close to $1B Flees Exchanges Monday Amid Fears of a Trade War.

Ether Dips Amid Trade War Tensions, But Investors Quickly Scoop Up the Discounted Asset

Ether, the second-largest cryptocurrency by market value, faced a significant price drop on Monday, as concerns over a potential U.S.-led trade war rattled markets and risk assets. Despite the initial shock, data suggests that investors quickly took advantage of the dip, accumulating ETH at the lower price levels.

Analytics firm IntoTheBlock reported a massive outflow of ether from centralized exchanges, with nearly $1 billion worth of ETH being withdrawn on Monday. This marks the largest single-day net outflow since January 2024, signaling that traders seized the opportunity to buy the dip. “The data suggests that investors used the market dip as a buying window to increase their holdings,” IntoTheBlock shared in a Telegram broadcast.

Ether’s price plummeted to around $2,000 on some exchanges as liquidity tightened and traders scrambled to sell off futures positions. However, the price rebounded to about $2,800, though market sentiment remains somewhat bearish, with signs that Ethereum’s post-Merge deflationary effects are beginning to unwind, according to UltraSound.Money.

Ether ETFs Witness Record Volume Amid Increased Market Activity

On top of the volatility surrounding ether’s price, Ether exchange-traded funds (ETFs) experienced record trading volume on Monday, as the broader market responded to President Donald Trump’s move to impose and later pause tariffs on Canada and Mexico.

Data from Bloomberg revealed that around $1.5 billion worth of ether ETF shares changed hands, with BlackRock’s iShares Ethereum Trust (ETHA) capturing half of that volume. While the activity was notable, overall fund flows remained within expected ranges. According to Farside Investors, ether ETFs saw a net inflow of $83.6 million on Monday, with a large portion directed into Fidelity’s Ethereum Fund (FETH). Interestingly, ETHA, the largest ETF by assets, did not register any net inflows during the day.

Late in the U.S. trading day, Eric Trump, son of President Donald Trump, encouraged his followers on X to buy ether, calling it a “good time to invest.” This message added fuel to the volatile price action, sending ETH briefly to nearly $2,900 before settling at $2,780, reflecting a 3.5% increase over the past 24 hours.