{"id":8299,"date":"2025-08-20T07:47:04","date_gmt":"2025-08-20T07:47:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/blackrock-fidelity-dump-eth-etfs-as-an-extended-losing-streak-gains-momentum\/"},"modified":"2025-08-20T07:47:20","modified_gmt":"2025-08-20T07:47:20","slug":"blackrock-fidelity-dump-eth-etfs-as-an-extended-losing-streak-gains-momentum","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/blackrock-fidelity-dump-eth-etfs-as-an-extended-losing-streak-gains-momentum\/","title":{"rendered":"BlackRock, Fidelity dump ETH ETFs as an extended losing streak\u00a0gains momentum"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>Ethereum ETFs have taken another hit as cooling demand deepens outflows, with major issuers now trimming their holdings.<\/p>\n<div id=\"cn-block-summary-block_5351a0205f8ef427f9d14a8ee0716a1e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum ETFs saw $422M in outflows on August 19, marking the third consecutive day of losses this week.<\/li>\n<li>On-chain data shows major issuers, including BlackRock, Fidelity, and Grayscale, already dumping holdings.<\/li>\n<li>ETH has given up most of its recent rally gains and is now hovering around $4,100.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethereum ETFs recorded $422 million in net outflows on August 19, according to the latest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\">data<\/a> from SoSoValue. This marks the third consecutive day the ETFs have closed in the red, and their second-largest single-day outflow since launch.<\/p>\n<p>Fidelity led the outflows with $156 million, followed by Grayscale at $122 million and $89 million across its two offerings. Bitwise saw $40 million in withdrawals, while other issuers, including BlackRock, Franklin Templeton, and Invesco, posted smaller outflows ranging from $3 million to $6 million.<\/p>\n<p>Over the three-day streak, the funds have shed approximately $678 million, triggering a sell-off among major issuers. On-chain data from Arkham Intelligence shows that BlackRock, Fidelity, and Grayscale have recently offloaded significant portions of their ETH (ETH) holdings, reaching up to $160 million.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BLACKROCK SOLD ETH<br \/>FIDELITY SOLD ETH<br \/>GRAYSCALE SOLD ETH<\/p>\n<p>nobody bought ETH \ud83d\ude22 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/lt0t33yWKy\" target=\"_blank\">pic.twitter.com\/lt0t33yWKy<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/arkham\/status\/1957892432713953645?ref_src=twsrc%5Etfw\" target=\"_blank\">August 19, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The combined outflows reverse the month-long trend of positive performance and accumulation among these firms, coinciding with broader weakening momentum around ETH.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum ETF outflows fueled by price drop<\/h2>\n<p>Since failing to uphold its recent rally gains, ETH has been in a downward trend over the past few days. Trading around $4,180 at the time of writing, the asset has dropped roughly 1.5% in the past 24 hours, extending weekly losses to over 10%.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The ongoing pullback has placed ETH in a key testing zone, with on-chain signals now signaling caution. The daily chart shows price action now consolidating just above the 20-day EMA, around the $4,135 mark. This level is acting as immediate support after the pullback from highs near $4,750 earlier this month.\u00a0<\/p>\n<figure class=\"wp-block-image\"><figcaption class=\"wp-element-caption\">ETH price chart | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/VFgmXGfd\/?symbol=BINANCE%3AETHUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>While the broader trend remains positive, with the 50, 100, and 200-day EMAs all sloping upward, ETH\u2019s short-term momentum has slowed. RSI has dropped to 54, retreating from overbought territory earlier this month, pointing to waning buying pressure.\u00a0<\/p>\n<p>This reset now places ETH in neutral ground, suggesting the market is neither overheated nor oversold. If it manages to hold above the $4,135 support, it could stabilize and prepare for another attempt toward the $4,500\u2013$4,700 range. However, a further break below this level would shift focus to the 50-day EMA around $3,690, potentially marking the start of a deeper correction phase.<\/p>\n<p>Meanwhile, Ethereum ETF issuers still hold a significant stash of ETH despite the recent sales. With more than 6.3 million ETH in assets under management, the funds control a combined 5% of the total current ETH supply, valued just under $26 billion at current prices.\u00a0<\/p>\n<p>However, if ETH fails to regain upward momentum, ongoing outflows could intensify, fueling further sales and adding to the existing downward pressure.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum ETFs have taken another hit as cooling demand deepens outflows, with major issuers now trimming their holdings. Summary Ethereum ETFs saw $422M in outflows on August 19, marking the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8299"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8299\/revisions"}],"predecessor-version":[{"id":8301,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8299\/revisions\/8301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8300"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}