Ethereum ETF saw an outflow of $465 million in a single day! Is the bull run pausing?

The US Spot Ethereum ETF saw a record outflow of funds on August 4, reaching $465.1 million, shocking the market. This sharp reversal occurred against a backdrop of continued inflows and high investor enthusiasm over the past few weeks, marking a potential pause in the bull run. What does this wave of capital withdrawal mean? How should we assess the market going forward?

The capital flow has taken a sharp turn downward, and the ETF market is currently under selling pressure

SoSoValue data shows that in the second week of July, the inflow of Spot Ethereum ETF in the United States reached as high as $2.2 billion, dropping to $1.9 billion in the third week, and plummeting to $154.3 million in the last week. On August 4th, the outflow amount surged to $465.1 million in a single day, setting a historical high, indicating that market capital momentum has clearly weakened.

BlackRock ETHA leads the decline, mainstream funds all experience capital outflow

This round of capital outflow is led by BlackRock's ETHA, with an outflow of $374.97 million in a single day. Fidelity's FETH experienced an outflow of $55.11 million, Grayscale's ETHE saw an outflow of $6.98 million, and Grayscale's Ethereum mini trust had an outflow of $28 million. Among the nine ETH ETFs tracked, only Invesco's QETH had no outflow and a slight premium on that day, while the other eight all experienced net redemptions.

The bull market is temporarily paused, analysts say it is a healthy rotation

Despite the astonishing scale of outflows in a single day, analysts generally believe this is a profit-taking and healthy rotation following the strong rise in July. Market sentiment is under short-term pressure, but there has been no panic selling. Investors need to closely monitor subsequent capital flows and ETF market dynamics to determine whether the bull run will restart.

Conclusion

The US Spot Ethereum ETF experienced an outflow of 465 million USD in a single day, ringing a short-term alarm for the market. The bull run has temporarily cooled down, with intensified capital rotation. Investors should view the volatility rationally and seize new opportunities brought by the adjustments.