Federal Reserve Rate Hike Triggers $224M Ethereum ETF Outflows
The recent Federal Reserve interest rate hike triggered widespread Ethereum ETF outflows on September 16, with BlackRock's iShares Ethereum Trust (ETHA) losing $110.03 million in a single session.
This was the largest individual fund redemption of the day and part of a broader wave of Ethereum ETF outflows that totaled $224 million.
In contrast to these redemptions, Ethereum's spot price rose 1.54% on the same day, suggesting that other market participants were absorbing the selling pressure.
Cumulatively, US spot Ethereum ETFs showed net inflows of roughly $13.14 billion since their launch in mid-2024, indicating sustained long-term institutional demand.