A combination of technical selling and market jitters pushed Ether below a critical $4,000 support level last week, sparking the largest wave of withdrawals from Spot Ethereum ETFs on record.
According to data from SoSoValue, a massive $795.6 million flowed out of the products, setting a new, unwelcome milestone. The exodus was led by institutional giants, with Fidelity’s fund experiencing a $362 million single-week outflow.
Although the market has since stabilized slightly, the event underscores the fragile sentiment surrounding crypto assets even within the traditionally steadier ETF structure.
