The Ethereum-Tracking Exchange-Traded Funds are rounding the corner after nearly a week of intense redemption. The fund saw a new inflow on September 9th, defeating a multi-day streak of winning streak that saw hundreds of millions of dollars flowing out of the market.
summary
- Ethereum ETFS concluded a $44.16 million inflow on September 9th in a six-day outflow led by BlackRock’s ETHA.
- The losing streak has drawn more than $780 million, including a record daily spill of $447 million on September 5th.
- ETH holds nearly $4,280 in support as it is a deal above $4,300, reflecting integration before potential movements get high.
Ethereum ETFS recorded a net inflow of $44.2 million on September 9th, ending its six-day redemption. For each Sosovalue data, the reversal came entirely from BlackRock’s ETHA fund, but the remaining eight US ETF publishers saw no activity during the session.
The redemption streak began on September 3rd and participated in six consecutive sessions, ending on September 8th. During that period, Ethereum ETF cut its value by more than $780 million, the second-largest several-day spill since the product was launched. The worst day took place on September 5th, when investors subtracted a record $447 million.
BlackRock’s Eta, Fidelity’s Festival and Grayscale’s Ete were the most difficult hits during the sale. Etha alone lost over $312 million in six days, but Fidelity’s funds thrown $288 million and Grayscale’s product saw a withdrawal of about $83 million. Smaller publishers such as Bitwise, Vaneck and 21 share also reported consistent spills, albeit at a lower level.
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In contrast, the Bitcoin ETF was better maintained during the same stretch, but the inflow on September 9 was modest at around $23 million. The latest reversal of Eth-Tracking ETFs brings total assets back to around $273.9 billion, and Ethereum (ETH) itself settles into the support zone and starts a higher push.
Ethereum ETF rebounds because ETH shows resilience
Ethereum prices have shown significant resilience over the past few days, surpassing key support levels despite wider market turbulence. After a short soak, ETH has found a strong footing of nearly $4,280, and has since maintained a tight trading range just above the $4,300 mark.
Ethereum Price Chart | Source: TradingView
Ethereum’s price action is characterized by shallow pullbacks and recovery rather than succumbing to downward pressure, retaining a signal that buyers remain active. Each attempt to fall is filled with new demand to reinforce the idea that $4,280 is becoming a short-term floor.
This set of price integration suggests that ETH is entering a period of accumulation. Volatility refers to markets that have contracted, trading volumes are normalized, potentially preparing for the next critical move. For many, the ability to hold important levels of uncertainty is a bullish signal in itself.
If ETH continues to defend current support, the Ethereum ETF may be placed for a stronger recovery. New trust in assets could elicit new influx after recent set-offs, allowing them to set the stage for more stable demand.
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