Ethereum jitters surface again as Bitwise’s ETHW posts a fresh outflow, with investors pulling $2.52 million from the Bitwise Ethereum ETF on April 17, 2026. The redemption trims its assets under management to $247.95 million, meaning just over 1.0% of the vehicle’s capital walked out the door in a single session.
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The related asset, ETH-USD, is currently trading at $2,310.36, down roughly 20.7% over the past three months as risk appetite for major tokens has cooled. Short-term momentum remains fragile, with the 1-day technical signal flashing a cautious Sell and reinforcing the defensive tone in Ethereum-linked products.
The scale of Wednesday’s outflow suggests some investors are locking in gains from earlier rallies or repositioning amid concerns about macro headwinds and regulatory uncertainty. Yet, with nearly $248 million still parked in the ETF, core holders appear willing to ride out the latest bout of volatility, betting that Ethereum’s long-term narrative can outlast the current drawdown.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.