Ethereum ETF Outflows Deepen as Bitwise’s ETHW Tracks a 35% Slide in Ether

Ethereum Sentiment Sours as Bitwise ETHW Fund Sees Notable Investor Exodus

The Bitwise Ethereum ETF, ETHW, logged a substantial outflow of $13.01 million on December 16, 2025, underscoring growing investor caution toward ether-linked products. With current assets under management of $339.55 million, the latest redemptions represent roughly 3.83% of the fund’s capital base—an unusually large single-day pullback that suggests some holders are locking in cash or cutting risk after a turbulent quarter for Ethereum.

The related asset, ETH-USD, is trading around $2,953.31, having shed nearly 35% over the past three months. That drawdown places Ethereum among the weaker large-cap crypto performers in the recent risk-off phase, as institutional and retail traders reassess lofty valuations and the impact of tighter liquidity conditions. Short-term momentum remains fragile: the 1-day technical signal flashes a cautious Sell, reflecting persistent downside pressure and subdued buying interest on intraday charts.

For ETF investors, the combination of sharp price declines in ETH and a bearish near-term technical backdrop is likely feeding a feedback loop of de-risking. Significant redemptions such as those seen in ETHW can amplify volatility in both the fund and its underlying asset, particularly if they coincide with broader negative sentiment in the crypto complex. While long-term proponents may view current levels as a potential accumulation zone, recent flows signal that, for now, capital is still moving to the sidelines rather than back into ether exposure.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.