Capital Flees Bitwise’s Ethereum Fund as Crypto Malaise Deepens
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The Bitwise Ethereum ETF, ETHW, saw outflows of $3.31 million on April 24, 2026, trimming exposure just as crypto markets struggle for direction. The redemption represents roughly 1.35% of the fund’s $245.6 million in assets under management, a meaningful single-day pullback for a still-maturing Ethereum vehicle.
The related asset, ETH-USD, is currently trading at $2,283.37 after sliding 19.54% over the past three months. Yet despite that drawdown, short-term momentum has flipped positive, with the one-day technical picture flashing a bullish Strong Buy signal that could tempt contrarian investors back into the ether trade.
The divergence between ETF outflows and improving technicals on ETH spot prices suggests investors remain cautious about using structured products for crypto exposure. Some may be rotating into direct holdings, while others appear to be stepping aside until volatility subsides and macro conditions stabilize. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.