Ethereum ETFs Post $9.6M Net Outflow as BlackRock Leads Selling
BlackRock-linked Ethereum ETFs recorded a net outflow of $9.6 million in the latest session, according to figures shared by Ted Pillows on X. The data showed selling pressure concentrated in BlackRock’s product, which posted $13.3 million in Ethereum sales during the day.
In addition, the daily table highlighted uneven movements across dates in December, with multiple sessions posting net redemptions. Although some late-month days printed modest inflows, they did not reverse the broader outflow trend captured in the latest update.
Overall, the figures point to short-term pressure within Ethereum ETF flows, driven primarily by BlackRock’s activity rather than broad-based selling across all issuers.
Ethereum Weekly Chart Shows Macro Bull Flag With $7K Upside Target
As long as Ethereum maintains the rising support, the macro bull flag remains active. Based on the measured move shown on the chart, a confirmed breakout points to a long-term target near $7,000. The setup frames Ethereum’s current range as a continuation phase within a broader uptrend rather than distribution.
