Spot #Ethereum ETFs See Record Outflows, #ETH Price Threatens $3,000 Retest

Ethereum's recent bullish momentum has hit a roadblock as #Spot Ethereum ETFs recorded their largest-ever net outflows, raising fears of a potential drop below the critical $3,000 support level.

According to SoSo Value, Spot Ethereum ETFs saw a massive $465.06 million net outflow on August 4, marking the largest capital withdrawal since the products launched. This followed a $152.26 million outflow on August 1, which ended a streak of 20 consecutive days of net inflows.

ETF Outflows Signal Profit-Taking and Bearish Sentiment

The recent wave of outflows suggests profit-taking by institutional investors, especially after Ethereum’s price surged to a six-month high of $3,900 last month. Redemptions from Spot ETFs often translate into direct selling pressure as issuers must liquidate ETH to meet share redemptions — a dynamic that can weigh heavily on price action.

However, not all is bearish. #ETF inflows resumed modestly on August 5 and 6, with $73.22 million and $35.12 million entering the market, respectively. These inflows coincided with a short-term price rebound to $3,700, suggesting continued institutional interest, albeit at a cautious pace.

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