US Spot Ethereum (ETH) ETFs Shed $39 Million in Third Straight Outflow Day

Third Straight Session of Ether ETF Outflows

U.S. spot spot Ethereum ETFs recorded roughly $39 million in net outflows on Thursday, a third consecutive session of withdrawals that stands in sharp contrast to the token's own price strength. Ether rose about 2% to near $2,470 over the same stretch, meaning institutional allocators kept trimming exposure even as the asset appreciated. The recent tape shows the pressure building: about $224 million left the funds on Wednesday and roughly $141 million on Tuesday, putting cumulative three-day outflows near $404 million. The monthly picture remains firmly positive, though — over the past 30 days, the Ethereum fund complex has still absorbed more than $1.5 billion in net creations, a cushion that keeps the institutional-adoption narrative intact despite the pullback.

The divergence is starker against bitcoin. Bitcoin ETFs pulled in roughly $159 million on Thursday while ether funds bled, and a single U.S. Zcash fund drew nearly $47 million — its strongest showing in a month that has brought it over $230 million — a sign that altcoin flows are rotating toward narrower, momentum-driven vehicles. Institutional demand for Ethereum-linked products is still expanding elsewhere: MoonPay is set to plug WisdomTree's tokenized treasury fund WTGXX into a network of some 35 million accounts. Macro conditions helped every major on Thursday: a day after the Federal Reserve raised interest rates for the first time since 2023, falling oil prices eased inflation fears, lifting the S&P 500 about 1% for its biggest advance in six weeks and the Nasdaq 100 nearly 2%. The 10-year Treasury yield snapped an eight-day rising streak as Brent crude settled under $105 a barrel. Crypto traded with, not ahead of, the equity tape.

Hoffman's Post-ETH Altcoin Rotation Pays Off

Bankless co-founder David Hoffman's decision to fully exit Ethereum on May 21 and redistribute into five altcoins has so far outperformed simply holding the asset, according to HTX pricing data. Hoffman disclosed entry prices for four of the five picks: NEAR Protocol near $1.40, Hyperliquid around $45, ZEC at roughly $560 and LIT at $1.35; his VVV entry was never made public. Measured at September 18 pricing, LIT had climbed about 272% to $5.02, ZEC roughly 170% to $1,512.42, NEAR about 149% to $3.49 and HYPE around 92% to $86.51 — every disclosed position beating ETH over the identical window. VVV, benchmarked to its May 21 print of $15.99 because the actual fill is undisclosed, was estimated up about 58% at $25.27.

Ethereum itself did not stand still. Over the same period HTX data shows ETH advancing from about $2,127.47 to $2,473.23, a roughly 16% gain — solid for a large cap, but clearly lagged by the higher-beta names Hoffman rotated into. The comparison carries caveats: percentage returns hinge on entry timestamps and benchmarks, and the VVV figure in particular rests on a time-stamped price rather than Hoffman's real cost basis. Still, the episode underscores a recurring pattern this cycle — capital rotating out of core ETH exposure into leveraged altcoin proxies built on its ecosystem, in search of outsized beta. Even after a regulatory stumble this month, when the Senate rejected the Clarity Act and ETH briefly slipped toward $2,388, the asset's foundation — the proof-of-stake settlement layer beneath a vast ecosystem of smart contract applications and Layer 2 scaling networks — remains the backdrop those trades are made against. Readers tracking the market in real time can follow live spot and futures prices on Gate.

COINOTAG Composite: $2,509 Ceiling in Play

COINOTAG's proprietary 42-indicator composite S/R scoring engine places Ether at $2,483, up 1.56% in 24 hours, pressing directly beneath the $2,509 resistance rated 84/100 on a confluence of the Ichimoku Kijun, Ichimoku Tenkan and a high-volume node. The $2,422 support scores a stronger 89/100, driven by the S2 pivot, a flipped former resistance and the ATR lower band. Positioning is constructive but not euphoric: the perp funding rate sits at 0.0068%, open interest near $10.29 billion and 61.5% of accounts are long — a 1.60 ratio — while the Fear & Greed Index reads 56, in Greed territory. With the MACD signal bearish inside a broader uptrend and RSI at 56.87, a daily close above $2,509 opens the path to $2,666 (73/100); losing $2,422 would invalidate the bullish read and expose $2,283, itself a 71/100 shelf.