Ethereum Updates Today: Ethereum ETFs See Withdrawals Amid Federal Reserve Signals Prompting Investor Pullback
- Ethereum ETFs saw $81.44M net outflows on Oct 29, ending a 2-day $379.93M inflow streak amid crypto market uncertainty. - Bitcoin ETFs lost $470.7M as Fed Chair Powell hinted 2025 rate cuts may end, triggering $550M combined crypto ETF exits. - ETH traded at $3,908 (2.89% 24h loss) near $4,000 resistance, with RSI 44.45 and MACD -68.13 signaling bearish pressure. - Despite ETF outflows, Ethereum's ecosystem showed resilience via 2.78% stablecoin growth and $148B decentralized exchange volume.
On October 29, Ethereum ETFs experienced net withdrawals totaling $81.44 million, ending a short-lived period of inflows and reflecting a downturn in investor confidence amid ongoing crypto market volatility, according to
The pullback in
These outflows were largely attributed to broader economic uncertainty, especially after Federal Reserve Chair Jerome Powell suggested that the recent 25-basis-point rate reduction could be the last for 2025, as Coinpedia highlighted. This led to a combined $550 million withdrawal from both Bitcoin and Ethereum ETFs, as investors reduced risk exposure in anticipation of possible monetary tightening, Coinpedia reported. The majority of Ethereum ETF outflows were concentrated among leading issuers, with Grayscale’s ETH and
Despite these withdrawals, the Ethereum ecosystem remains robust. Over the past month, the supply of stablecoins on the network increased by 2.78%, and decentralized exchanges processed $148 billion in transactions, according to an
Technical analysis indicates that a bullish flag pattern could potentially trigger a rebound for Ethereum, a formation historically linked to price recoveries, according to crypto.news. However, reaching the $5,000 milestone will likely require stronger institutional participation or a shift in the broader economic landscape.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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