Ethereum ETF Bleeds Cash as ETH Slides, but Traders Keep Buying the Dip
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The Franklin Ethereum ETF, EZET, recorded outflows of $805,550 on March 23, 2026, trimming assets under management to about $41.1 million. The withdrawal represents roughly 1.96% of AUM, a meaningful single-day redemption that suggests some investors are stepping back after a volatile quarter for Ethereum-linked products.
The related asset, ETH-USD, is currently trading at $1,997.99 after a steep 34.65% decline over the past three months. Yet, despite the bruising drawdown, the 1-day technical signal on ETH screens as a tentative positive, flashing Buy and hinting that short‑term momentum may be turning.
The disconnect between EZET’s net outflows and ETH’s improving near-term technicals underscores a cautious mood among fund investors, even as traders explore tactical entries. With nearly 2% of the ETF’s capital exiting in a single session, Franklin’s vehicle will be closely watched as a barometer of whether institutional sentiment can recover if Ethereum stabilizes above current levels.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.