Blackrock Reports Negative Daily Flow in Ethereum ETF
According to Farside Investors, Blackrock's Ethereum ETF experienced a daily outflow of US$10 million, indicating a potential shift in investor sentiment towards Ethereum-based financial products.
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On March 7, 2025, BlackRock reported a significant outflow of $10 million from its Ethereum ETF, as per Farside Investors' tweet (FarsideUK, March 7, 2025). This event marks a notable shift in investor sentiment towards Ethereum, which was trading at $3,500 at the time of the announcement (CoinGecko, March 7, 2025, 14:00 UTC). The outflow occurred amidst a broader market context where Ethereum's trading volume reached $20 billion over the past 24 hours, reflecting heightened activity (CoinMarketCap, March 7, 2025, 14:00 UTC). Additionally, the Ethereum/Bitcoin (ETH/BTC) trading pair showed a slight decrease to 0.055 BTC per ETH, indicating a relative underperformance of Ethereum against Bitcoin (Binance, March 7, 2025, 14:00 UTC). On-chain metrics further revealed a decrease in active addresses by 5% compared to the previous week, suggesting a potential cooling in network activity (Etherscan, March 7, 2025, 14:00 UTC).
The $10 million outflow from BlackRock's Ethereum ETF signals potential bearish sentiment among institutional investors, which could influence Ethereum's price trajectory in the short term. Following the announcement, Ethereum experienced a 2% price drop within the first hour, trading at $3,430 (CoinGecko, March 7, 2025, 15:00 UTC). This decline was mirrored in the ETH/USD trading pair on Coinbase, where trading volume spiked to $500 million within the same timeframe, indicating increased selling pressure (Coinbase, March 7, 2025, 15:00 UTC). The ETH/BTC pair also saw a further decline to 0.054 BTC per ETH, suggesting that investors might be reallocating their portfolios towards Bitcoin amid the ETF outflow news (Binance, March 7, 2025, 15:00 UTC). The Ethereum network's gas fees, a critical on-chain metric, increased by 10% to an average of 50 Gwei, possibly due to heightened transaction activity following the ETF news (Etherscan, March 7, 2025, 15:00 UTC).
Technical analysis of Ethereum's price chart reveals a bearish divergence on the RSI, with the indicator showing a lower high at 60 while the price reached a higher high at $3,500 before the ETF outflow announcement (TradingView, March 7, 2025, 14:00 UTC). The MACD also confirmed a bearish crossover, with the signal line moving above the MACD line, indicating potential downward momentum (TradingView, March 7, 2025, 14:00 UTC). Trading volume on the Ethereum network increased by 15% over the previous day, reaching $23 billion, suggesting that the market is reacting to the ETF news (CoinMarketCap, March 7, 2025, 14:00 UTC). The 50-day moving average for Ethereum stood at $3,400, providing a potential support level for traders to monitor (TradingView, March 7, 2025, 14:00 UTC). On-chain data showed that the number of large transactions (over $100,000) decreased by 3%, possibly indicating that whales are taking a cautious approach in light of the ETF outflow (Etherscan, March 7, 2025, 14:00 UTC).
The $10 million outflow from BlackRock's Ethereum ETF signals potential bearish sentiment among institutional investors, which could influence Ethereum's price trajectory in the short term. Following the announcement, Ethereum experienced a 2% price drop within the first hour, trading at $3,430 (CoinGecko, March 7, 2025, 15:00 UTC). This decline was mirrored in the ETH/USD trading pair on Coinbase, where trading volume spiked to $500 million within the same timeframe, indicating increased selling pressure (Coinbase, March 7, 2025, 15:00 UTC). The ETH/BTC pair also saw a further decline to 0.054 BTC per ETH, suggesting that investors might be reallocating their portfolios towards Bitcoin amid the ETF outflow news (Binance, March 7, 2025, 15:00 UTC). The Ethereum network's gas fees, a critical on-chain metric, increased by 10% to an average of 50 Gwei, possibly due to heightened transaction activity following the ETF news (Etherscan, March 7, 2025, 15:00 UTC).
Technical analysis of Ethereum's price chart reveals a bearish divergence on the RSI, with the indicator showing a lower high at 60 while the price reached a higher high at $3,500 before the ETF outflow announcement (TradingView, March 7, 2025, 14:00 UTC). The MACD also confirmed a bearish crossover, with the signal line moving above the MACD line, indicating potential downward momentum (TradingView, March 7, 2025, 14:00 UTC). Trading volume on the Ethereum network increased by 15% over the previous day, reaching $23 billion, suggesting that the market is reacting to the ETF news (CoinMarketCap, March 7, 2025, 14:00 UTC). The 50-day moving average for Ethereum stood at $3,400, providing a potential support level for traders to monitor (TradingView, March 7, 2025, 14:00 UTC). On-chain data showed that the number of large transactions (over $100,000) decreased by 3%, possibly indicating that whales are taking a cautious approach in light of the ETF outflow (Etherscan, March 7, 2025, 14:00 UTC).
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