Ethereum ETFs lose $429 million in the largest single-day outflow since early September

American place Ethereum exchange-traded funds recorded outflows of $428.5 million on Monday, marking the sharpest capital flight in a single day since September 5, when ETH funds lost $446.8 million.

BlackRock’s ETHA suffered the largest outflows with a $310.1 million outflow on Monday, while Grayscale’s ETHE recorded $21 million in withdrawals, and Fidelity’s FETH saw $19.1 million flee, according to data from Farside Investors.

Ethereum ETFs attracted $488 million in net inflows the week before, part of a $3.17 billion surge in Bitcoin and Ethereum products that have pushed crypto fund deposits to a record $48.7 billion so far, according to a report from CoinShares shared with Declutter.

These flows reversed course when President Donald Trump announced 100% tariffs on Chinese goods on Friday, triggering the largest liquidation event in crypto history, wiping out an estimated $19 billion to $30 billion in leveraged positions within 24 hours.

“Monday’s outflow is the aftershock of Friday’s rate-driven sell-off,” Illia Otychenko, chief analyst at CEX.IO, told reporters. Declutter. “The market tone has turned defensive, with many investors preferring to wait for clearer macro signals before taking action again.”

The “macro reflex” behind the recent pullbacks does not indicate deeper weakness, Bitnunix analyst Dean Chen told Declutternoting how “institutional positioning remains intact” following approximately $488 million inflows into ETH ETF over the past week.

Chen described Monday’s pullback as a “stress reaction” caused by short-term macro jitters, adding that only if outflows “continue over the next few sessions” would it signal a deeper repositioning.

“The coming sessions will reveal whether this was a passing tremor or the start of a deeper rotation,” he added.

Markets stabilized this weekend after Trump struck a more conciliatory tone on Sunday, signaling an easing of trade tensions while portraying Xi Jinping’s export curbs as a temporary misstep.

ETH has been hovering between $3,900 and $4,200 all day, down 3.4% in the past 24 hours according to CoinGecko data.

Ethereum’s “relatively strong” fundamentals and lowest leverage ratio since May point to a “healthier setup” for recovery, Otychenko said, noting that the recent pullback remains contained despite broader caution.

“Ether recorded bullish divergences on the daily RSI and MACD, indicating that buying momentum is starting to increase after the recent sell-off,” he noted. “This could provide near-term support for price action as the market stabilizes.”

On Myriad, the prediction markets platform developed by DeclutterAccording to parent company DASTAN, users only have an 8% chance that the Crypto Fear and Greed Index will reach 55 or higher on Wednesday (indicating greed).