Ethereum-ETF прекращают восьмидневный приток: инвесторы выводят $8,7 млн после рекорда в $3,7 млрд Headline: Ethereum-ETFs End Eight-Day Inflow: Investors Withdraw $8.7 Million After $3.7 Billion Record

On October 10, investors withdrew approximately $8.7 million from Ethereum-ETFs, interrupting an eight-day influx of funds that totaled $1.97 billion. This information comes from SoSoValue.

The bulk of the outflow was linked to the FETH fund from Fidelity, which saw withdrawals of $30.3 million. A similar trend has been observed with products from Bitwise, VanEck, 21Shares, and Invesco.

The only exception was the ETHA fund from BlackRock, which attracted $39.3 million during the latest trading session.

The prior influx was the largest since August, when Ethereum-ETFs raised $3.7 billion in just eight days. This figure is also the fourth largest since the inception of such funds. The absolute record was set in July, with $5.4 billion raised over 20 days.

Trading volume for ETFs based on the second-largest cryptocurrency reached $2.31 billion, with ETHA leading at $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, adding $197.8 million in a single day. Since the beginning of October, these funds have accumulated $5 billion, compared to just $1.2 billion for Ethereum products.

At the time of writing, the leading altcoin is trading around $4,400. Timothy Misir, head of research at BRN, stated that the key range for the cryptocurrency remains between $4,250 and $4,500.

«Traders are preparing for significant network upgrades that promise to enhance scalability,» he commented to The Block.

Misir added that the market is not overheated, leaving room for further growth.

Investor Ted Pillo noticed that Ethereum bounced off the support level of $4,250. If the cryptocurrency can maintain this level, a recovery is expected. Otherwise, the price might correct down to $4,000.

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

«ETH has returned to its price from October 1, but since then, the ETHA fund from BlackRock has accumulated $1.4 billion worth of cryptocurrency. This is a clear sign of aggressive accumulation of Ethereum by whales. […] If the asset breaks through the 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, for the second-largest cryptocurrency to trigger a new wave of growth, it must close the current week above $4,750.

«My targets are $8,000 in Q4 and $10,000 by the end of the year,» the expert shared.

On October 10, BitMine Immersion Technologies added to its Ethereum reserve, acquiring 23,823 ETH valued at $103.7 million. Analysts at Lookonchain noted this, referencing data from Arkham.

The firm has not officially confirmed the news of this recent cryptocurrency purchase.

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

It is worth noting that Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys, has declared the leading altcoin as the best asset for corporations.