Ethereum Dip Deepens as Franklin’s EZET ETF Sees Nearly 2% of Assets Walk Out
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The Franklin Ethereum ETF, EZET, logged outflows of $805,550 on March 23, 2026, in a fresh sign of investor caution toward ether-linked products. With assets under management now at about $41.1 million, the latest redemption wave represents roughly 1.96% of the fund’s capital base, a meaningful single-day hit for a niche crypto vehicle.
The related asset, ETH-USD, is currently trading at $1,996.56 after a bruising three months in which it has slumped about 32.26%. Short-term sentiment remains fragile, with the 1-day technical signal flashing a firm Sell, reinforcing the defensive stance seen in ETF flows.
The combination of persistent price weakness and negative momentum indicators is prompting some investors to de-risk, even as long-term Ethereum supporters frame the drawdown as a reset after 2025’s rally. If outflows of this magnitude continue, they could pressure liquidity and spreads in smaller ether funds while favoring larger, more diversified crypto ETPs.
Still, the share of assets redeemed suggests repositioning rather than wholesale abandonment, with many allocators waiting for clearer signals on rates, regulation, and the next leg of the crypto cycle. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.