Recent data shows that Ethereum ETFs continue to face high outflows, raising concerns among investors. The largest outflows are reported in BlackRock and Grayscale funds.
Largest Outflow from BlackRock ETF
According to Farside Investors, $446.8 million left Ethereum ETF reserves on September 5, marking the highest outflow for the month. The biggest outflow was seen in BlackRock’s ETHA, from which $309.9 million was withdrawn, following an inflow of $148.8 million the previous day.
Outflows from Bitcoin Funds
Bitcoin ETFs also reported significant outflows, continuing the negative trend. On September 4, a total of $222.9 million exited Bitcoin products. The largest outflow was in BlackRock’s IBIT, which saw $63.2 million leave, along with BITB and GBTC, which lost $49.6 million and $47.3 million, respectively.
Investor Sentiment Remains Neutral
Despite the outflows from ETFs, the overall sentiment among crypto investors remains neutral, according to the Fear and Greed Index, which registered a level of 48. This is a slight improvement from last week's fear level of 39, although it has declined from a greed score of 62 observed a month ago.
Thus, the current ETF market situation indicates a decrease in investor confidence, but the overall sentiment assessment leaves room for hope for a potential recovery.
