Ethereum (ETH), the only altcoin currently with an exchange-traded fund (ETFs) is facing challenges in the broader financial market. Since its price crashed below $3,000 in late January, ETH has not been able to retest the level. This is despite the positive forecast favoring ETH over Bitcoin in 2025.
More concerning is the data from its spot ETF. SoSoValue figures show that demand for Ethereum’s ETFs has dipped in the last couple of weeks. Instead, investors are shedding the asset, which was worth $120 million and was dumped the previous week.
This is after the ETH ETF market lost $335 million the previous week, bringing its cumulative losses to $455 million.
Over the same period, the net inflow to Ethereum ETF stood at $2.7 billion. This inflow is over $34 billion lower than Bitcoin registered in the same period. Bitcoin’s inflow was a massive $37 billion.
Analysts consider ETH’s price performance a likely reason for investors’ shift in interest. Notably, ETH has not been able to rise above the $2,100 range in the last couple of days. This is nearly 47% lower than its price in December 2024.
Many consider Ethereum underperforming in the crypto space compared to other notable coins.
Besides its price action, Ethereum is having issues with its fees. The blockchain has lost the bragging rights of the most profitable player in the crypto sector. Ethereum’s 2025 fees currently stand at $202 million. This is lower than the fees paid by lesser networks such as Uniswap, Jito, Tron, and Solana.
Interestingly, Solana and BNB, both Layer-1 blockchains, are proving to be strong competitors to Ethereum. Similarly, Layer-2 networks like Arbitrum and Base are also proving to be competitive alternatives.
As of this writing, ETH is changing hands at $2,113.03, a 3.43% decline in the last 24 hours. Its trading volume has dropped by 42.20% to $9.74 billion within the same time frame, a signal of declining investor interest.
Ethereum’s price rose past $2,500 about seven days ago but has been on a downward spiral. Despite bullish news of its inclusion in the U.S. Strategic Crypto Reserve, it has not found support at the $2,200 level.
The post Ethereum ETFs Sees $455M Outflow, What is Happening? appeared first on TheCoinrise.com.
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