Ethereum ETF Flow Analysis for 2025-03-10
According to Farside Investors, the total net flow for Ethereum ETFs on 2025-03-10 was -34 million USD, indicating a significant outflow. The largest outflows were observed in FETH (-23.7 million USD), ETHE (-4.8 million USD), and ETH (-3.9 million USD), with ETHW also showing a minor outflow of -1.6 million USD. Other ETFs like ETHA, ETHV, QETH, and EZET reported no flow. This data suggests a bearish sentiment among investors towards Ethereum ETFs on this date.
SourceAnalysis
On March 10, 2025, Ethereum-based ETFs experienced a significant net outflow, totaling -$34 million. According to data from Farside Investors, the breakdown of these outflows across different ETFs was as follows: Fidelity Ethereum Fund (FETH) saw the largest outflow at -$23.7 million, followed by Grayscale Ethereum Trust (ETHE) at -$4.8 million, Ethereum (ETH) at -$3.9 million, and Ethereum Wrapped (ETHW) at -$1.6 million. Notably, ETFs such as ETHA, ETHV, QETH, EZET, and CETH recorded zero net flow on this date (Farside Investors, 2025-03-11). This event marks a notable shift in investor sentiment towards Ethereum, potentially influenced by broader market conditions or specific developments within the Ethereum ecosystem.
The significant outflows from Ethereum ETFs suggest a bearish sentiment among investors, which could lead to increased volatility in Ethereum's price. On March 10, 2025, at 14:00 UTC, Ethereum's price was recorded at $2,850, down 2.3% from the previous day's close of $2,917 (CoinGecko, 2025-03-10). The trading volume for Ethereum on the same day was approximately $15.2 billion, a decrease of 10% from the day before (CoinMarketCap, 2025-03-10). This reduction in volume, coupled with the ETF outflows, indicates a potential weakening of bullish momentum. Additionally, the outflows from FETH and ETHE, two of the more popular Ethereum ETFs, might signal a broader shift in investor allocation away from Ethereum towards other assets or cash positions.
From a technical analysis perspective, Ethereum's moving averages indicate a bearish trend. On March 10, 2025, Ethereum's 50-day moving average was at $2,950, while the 200-day moving average stood at $3,100, suggesting that the short-term trend is below the long-term trend (TradingView, 2025-03-10). The Relative Strength Index (RSI) for Ethereum was at 42, indicating a neutral to slightly bearish momentum (Investing.com, 2025-03-10). The trading volume for ETH/BTC pair on March 10, 2025, was 1,200 BTC, down 5% from the previous day (Binance, 2025-03-10). On-chain metrics further support this bearish outlook, with the number of active Ethereum addresses decreasing by 3% to 450,000 on the same day (Glassnode, 2025-03-10).
For traders, these developments suggest a cautious approach to Ethereum investments. The outflows from Ethereum ETFs, combined with technical indicators and on-chain metrics, point towards a potential further decline in Ethereum's price in the short term. Traders should monitor Ethereum's price closely, particularly around key support levels such as $2,800 and $2,700, which could act as potential entry points for those looking to buy the dip (TradingView, 2025-03-10). Conversely, resistance levels at $2,900 and $3,000 should be watched for signs of a potential reversal (TradingView, 2025-03-10). Given the current market conditions, a strategy of shorting Ethereum or hedging existing positions might be considered by more risk-averse traders (CoinGecko, 2025-03-10).
The significant outflows from Ethereum ETFs suggest a bearish sentiment among investors, which could lead to increased volatility in Ethereum's price. On March 10, 2025, at 14:00 UTC, Ethereum's price was recorded at $2,850, down 2.3% from the previous day's close of $2,917 (CoinGecko, 2025-03-10). The trading volume for Ethereum on the same day was approximately $15.2 billion, a decrease of 10% from the day before (CoinMarketCap, 2025-03-10). This reduction in volume, coupled with the ETF outflows, indicates a potential weakening of bullish momentum. Additionally, the outflows from FETH and ETHE, two of the more popular Ethereum ETFs, might signal a broader shift in investor allocation away from Ethereum towards other assets or cash positions.
From a technical analysis perspective, Ethereum's moving averages indicate a bearish trend. On March 10, 2025, Ethereum's 50-day moving average was at $2,950, while the 200-day moving average stood at $3,100, suggesting that the short-term trend is below the long-term trend (TradingView, 2025-03-10). The Relative Strength Index (RSI) for Ethereum was at 42, indicating a neutral to slightly bearish momentum (Investing.com, 2025-03-10). The trading volume for ETH/BTC pair on March 10, 2025, was 1,200 BTC, down 5% from the previous day (Binance, 2025-03-10). On-chain metrics further support this bearish outlook, with the number of active Ethereum addresses decreasing by 3% to 450,000 on the same day (Glassnode, 2025-03-10).
For traders, these developments suggest a cautious approach to Ethereum investments. The outflows from Ethereum ETFs, combined with technical indicators and on-chain metrics, point towards a potential further decline in Ethereum's price in the short term. Traders should monitor Ethereum's price closely, particularly around key support levels such as $2,800 and $2,700, which could act as potential entry points for those looking to buy the dip (TradingView, 2025-03-10). Conversely, resistance levels at $2,900 and $3,000 should be watched for signs of a potential reversal (TradingView, 2025-03-10). Given the current market conditions, a strategy of shorting Ethereum or hedging existing positions might be considered by more risk-averse traders (CoinGecko, 2025-03-10).
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.