Ethereum jitters deepen as Bitwise’s ETHW fund logs fresh outflows, with investors pulling $3.34 million on February 20, 2026. The latest redemption trims the Bitwise Ethereum ETF’s assets under management to $199.72 million, meaning roughly 1.67% of the portfolio’s value walked out the door in a single session.
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The related asset, ETH-USD, is currently trading at $2,077.07 after a bruising three-month stretch in which it has dropped about 32.12%. Despite the heavy drawdown, the short-term picture remains indecisive, with the one-day technical signal pinned at Hold, underscoring a market caught between bargain-hunting and capitulation.
The sizable outflow from ETHW suggests some investors are losing patience with Ethereum’s recent underperformance versus broader risk assets. Yet the scale of AUM still parked in the fund signals that core holders are prepared to ride out volatility, betting that any further network upgrades or macro tailwinds could eventually reverse the slide.
Flows of this magnitude often act as a sentiment barometer, and the latest move may foreshadow choppier trading as traders reassess crypto’s role in diversified portfolios. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.