Ethereum ETFs See $41.7 Million Net Outflows for Fourth Consecutive Day
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- Sustained Outflows: On January 23, 2025, U.S. spot Ethereum ETFs experienced their fourth consecutive day of net outflows totaling $41.7 million, indicating a significant shift in investor sentiment potentially influenced by macroeconomic factors.
- Divergent Fund Performance: During this outflow period, BlackRock's iShares Ethereum Trust (ETHA) saw a substantial single-day outflow of $44.5 million, while Grayscale's Ethereum Trust (ETHE) faced outflows of $10.8 million, highlighting the pressure on higher-fee products.
- Low-Fee Fund Attraction: Grayscale's newer Mini Ethereum Trust (ETH) managed to attract a net inflow of $9.2 million amidst the outflow trend, suggesting that cost-sensitive investors are shifting capital towards lower-cost investment options.
- Market Normalization Phase: This outflow trend likely represents the normalization phase for Ethereum ETFs, where investor focus shifts to fundamental and technical factors rather than novelty, which is crucial for establishing stable asset management in the long run.
Analyst Views on ETH
Wall Street analysts forecast ETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
