Ethereum-ETF прервали приток: инвесторы вывели $8,7 млн после рекорда в $3,7 млрд Ethereum ETFs Halt Inflows: Investors Withdraw $8.7 Million After Record $3.7 Billion Influx

On October 10, investors pulled approximately $8.7 million from the Ethereum ETF, interrupting an eight-day influx of $1.97 billion. This information comes from SoSoValue.

The majority of the outflow was attributed to the Fidelity FETH exchange-traded fund, which saw withdrawals of $30.3 million. A similar trend was observed with products from Bitwise, VanEck, 21Shares, and Invesco.

The sole exception was BlackRock’s ETHA, which attracted $39.3 million during the latest trading session.

The previous influx period was the largest since August when Ethereum ETFs gathered $3.7 billion over eight days. It is also the fourth-highest total since their inception. The absolute record was reached in July with $5.4 billion in 20 days.

The trading volume of exchange-traded funds based on the second largest cryptocurrency amounted to $2.31 billion. Leading the pack was ETHA with $1.65 billion, followed by ETH at $213.5 million and FETH at $185 million.

Spot Bitcoin ETFs continued their nine-day streak of inflows, drawing in $197.8 million over the day. Since the start of October, these funds have received $5 billion compared to $1.2 billion in Ethereum products.

At the time of writing, the leading altcoin is trading at around $4,400. According to Timothy Misir, head of research at BRN, the $4,250-$4,500 range remains crucial for the cryptocurrency.

«Traders are bracing for significant network updates that promise to enhance scalability,» he said in a comment to The Block.

The expert added that the market is not overheated — leaving room for further growth.

Investor Ted Pillows noted that Ethereum bounced off the support level of $4,250. If the cryptocurrency can maintain this level, a recovery is anticipated. Otherwise, the price could correct to $4,000.

An analyst under the pseudonym Ash Crypto pointed to the same support level, adding that the nearest resistance is at the $5,000 mark.

«ETH has returned to its price from October 1, but since then, BlackRock’s ETHA has accumulated $1.4 billion worth of the cryptocurrency. This is a clear sign of aggressive accumulation of Ethereum by whales. […] If the asset breaks through resistance, I expect a sharp rise to $6,000 and above,» he emphasized.

Web3 researcher ZYN believes that the altcoin is «completing the final phase of accumulation according to the Wyckoff method.» In his opinion, to initiate a new growth wave, the second-largest cryptocurrency needs to close the current week above $4,750.

«My targets are $8,000 in the fourth quarter and $10,000 by the end of the year,» the expert shared.

On October 10, BitMine Immersion Technologies bolstered its Ethereum reserve with the acquisition of 23,823 ETH valued at $103.7 million, as noted by Lookonchain analysts citing Arkham data.

The company has not officially confirmed the reports of the latest cryptocurrency purchase.

Currently, BitMine manages over 2.8 million ETH worth approximately $12.4 billion. The firm is the largest holder of the asset and the second-largest Digital Asset Treasury after Strategy.

Let’s recall that Ethereum co-founder and ConsenSys CEO Joseph Lubin labeled the leading altcoin as the best asset for corporations.