Ethereum Exhale: Investors Pull Cash from Bitwise’s ETHW ETF as Token Slump Deepens

Ethereum Exhale: Investors Pull Cash from Bitwise’s ETHW ETF as Token Slump Deepens

The Bitwise Ethereum ETF, ETHW, saw notable outflows on December 24, 2025, with investors withdrawing $13.98 million from the fund. The redemption represents roughly 4.1% of its latest reported assets under management (AUM), which stand at $340.56 million, signaling a meaningful vote of caution from holders rather than a marginal year-end rebalance.

This pullback comes against a challenging backdrop for the underlying asset. The related cryptocurrency, ETH-USD, is trading around $2,969.96, having shed about 30.1% over the past three months. Despite that steep decline, its 1-day technical signal sits at a neutral stance, with analysts and models broadly indicating a Hold rather than an outright sell, suggesting that near-term momentum has stabilized even as longer-term performance remains under pressure.

The combination of sizeable outflows and a bruised, but no longer free-falling, ether price hints at investors de-risking after a volatile quarter rather than capitulating en masse. For some portfolio managers, trimming exposure via ETHW may reflect a desire to lock in remaining gains from earlier in the year or to rotate toward perceived safer assets as macro uncertainty persists. Others may see the current drawdown in ETH-USD as an opportunity, waiting for clearer technical confirmation before re-entering through the ETF structure.

With nearly a twentieth of ETHW’s AUM moving in a single session, the fund’s latest flows underscore how quickly sentiment can pivot in crypto-linked products. Whether this proves to be the start of a longer outflow trend or a brief bout of holiday profit-taking will likely hinge on whether ether can stabilize above current levels and shake off the negative three-month performance streak.

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