Ethereum ETFs Shed $184M Over 4-Day Negative Streak
Outflows from Ethereum ETFs extended to a 4-day streak as Bitcoin funds shed $490 million, even as the S&P 500 hit an all-time high.
By Akash GirimathEdited by Stephen GravesMay 1, 2026May 1, 20262 min read
In brief
- Ethereum ETFs posted $184 million in outflows over four straight days through April 30.
- Bitcoin ETFs also shed $476 million over the same period, but saw a $14.76 million inflow Thursday.
- Myriad users see a 55% chance Ethereum hits $3,000 next, up from 46% on Monday.
Ethereum exchange-traded funds extended their losing streak to four days on Thursday, shedding nearly $184 million as geopolitical uncertainty offset record highs in U.S. stocks.
The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions, the largest single-day exit since March 26, according to SoSoValue data. Cumulative flows for Ethereum ETFs now stand at $11.9 billion, down from a peak of $12.9 billion in mid-January.
Despite the outflows, Ethereum's price climbed 2.2% over the same period, trading at $2,313 on Thursday, per CoinGecko data. The divergence suggests selling pressure on the fund product has not translated directly to spot market weakness.
On prediction market Myriad, owned by Decrypt's parent company Dastan, users see a 55% chance that Ethereum's next major move reaches $3,000, up from 46% on April 30.
Why ETF outflows matter now
The four-day negative streak for Ethereum ETFs coincides with broader weakness in crypto investment products. Bitcoin ETFs shed $476 million over the same four-day period ending April 30, with outflows peaking at $263 million on April 27. Cumulative net inflows for Bitcoin ETFs now stand at $58.1 billion.
The outflows arrived as traditional markets marched higher with the S&P 500 hitting a fresh all-time high of 7,271, fueled by a rally in technology earnings.
Oil prices, on the other hand, remained elevated above $120 per barrel following the UAE's exit from OPEC. On Myriad, users place a 70% chance on oil’s next move taking it to $120 per barrel—down from 79% earlier today.
Geopolitical risks in the Middle East continue to cloud the outlook for risk assets. The U.S.-Iran conflict shows no signs of near-term resolution, keeping energy markets on edge and inflation expectations elevated. Myriad users place just a 27% chance on a U.S.-Iran diplomatic meeting by the middle of the month, down from 36% earlier today.
Ethereum and the broader crypto market now follow Bitcoin as it attempts to undo losses noted after the Federal Open Market Committee maintained the benchmark interest rate at 3.5%–3.75% for the third consecutive meeting, citing elevated inflation fueled by rising energy prices.
