Ethereum jitters deepened this week as Grayscale’s Grayscale Ethereum Mini Trust (ETH) saw investors pull $18.44 million on February 20, 2026, marking a fresh wave of outflows from one of the market’s flagship ether products. The redemption equals about 1.18% of the ETF’s $1.56 billion in assets under management, a meaningful single-day bleed that underscores waning confidence in near-term price action for ETH.
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The related asset, ETH-USD, is currently trading at $1,975.21, leaving it down roughly 30.3% over the past three months as risk appetite has cooled across the digital asset complex. Short-term momentum remains fragile, with the one-day technical signal flashing a cautious Sell, suggesting that systematic and technical traders may continue to lean against any rallies in the near term.
The scale of the latest outflow, while not destabilizing for the trust, reinforces a broader shift from speculative growth to defensive positioning as macro uncertainty lingers and traders reassess leverage in crypto markets. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.