ETH ETF outflows hit $224M after Fed hike, yet price rose 1.54%
Ethereum (ETH)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that BlackRock’s iShares Ethereum Trust (ETHA) recorded $110.03 million in redemptions on September 16, marking the largest single-fund withdrawal in the US spot Ethereum ETF market that day. This outflow occurred amid a broader wave of sector redactions triggered by the Federal Reserve’s first interest rate hike in three years. The sell-off was driven by macroeconomic investor reaction rather than asset-specific issues, pushing institutional holders toward the exits. Despite these significant outflows, Ethereum's price rose 1.54% during the session.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for Ethereum shows a price of $2,418.26 with a 1-hour buy ratio of 48.5% and a 4-hour buy ratio of 49.2%. These short-term ratios are slightly higher than the 24-hour buy ratio of 48.5%, indicating that buying pressure is stabilizing or building slightly in the immediate term. The Volume Delta reflects net selling, with -$407,474 over 1 hour and -$1,131,305 over 4 hours, contrasting with a larger -$22,389,741 delta over 24 hours. A buy ratio below 50% means sellers are dominating trades, while the negative Volume Delta confirms that more volume is being sold than bought. The CVD at the 24-hour close stands at -$2,182,622, confirming sustained net selling pressure over the full day.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.0%, with the latest day showing a marginal increase of +0.6 points. Spot volume for the day was 0.88x the weekly average, indicating lighter trading activity compared to the norm. Ethereum experienced a price change of -2.0% over the 8-day period, with a total Volume Delta of -$241,931,117. Net buying occurred on only 2 of the 7 days, suggesting that selling pressure has been the dominant trend throughout the week. This day’s metrics align with a broader pattern of net outflows and subdued volume rather than an unusual spike in activity.