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Ethereum ETFs Bleed $428M Meanwhile, Lee & Hayes Still Bet on $10K ETH by Year-End
Let’s play a game called “Institutional Shakeout”: Yesterday, **Ethereum ETFs suffered a brutal $428 million outflow, bringing an abrupt end to their recent inflow streak. All of this unfolds just as Tom Lee and Arthur Hayes double down on their bold $10,000 ETH forecast, insisting that this pullback is just a healthy reset. Strap in.
Outflows in the Midst of Volatility
Data from SoSoValue, Benzinga, and CoinCentral confirm the bleeding: Ethereum spot ETFs recorded $428 million in net outflows on Monday, with BlackRock’s ETHA fund alone seeing $310 million in redemptions. This is among the largest single-day withdrawals from ETH ETFs since their U.S. launches.
To add salt to the wound, the Ethereum market also experienced sharp price declines dropping around 6.5% during the same window. That coincides with macro uncertainties, China-U.S. trade jitters, and cascading liquidations across crypto.
So yes, institutional confidence is getting tested. The big question: is this a short-term capitulation or a fresh turn in sentiment?
Lee & Hayes: Still Betting That This Dip Is Temporary
Through all the chaos, Tom Lee and Arthur Hayes remain steadfast. On the Bankless podcast, Lee reaffirmed a year-end ETH target range of $10,000 to $12,000, and Hayes told listeners he’s “going to stay consistent” with $10,000 ETH.
They argue Ethereum has been “basing” since its 2021 high, essentially consolidating before its next leg up. Lee believes the dip is less of a “blow-off top” and more the market rediscovering elevated levels.
Certainly ambitious: from ~$4,100 ETH to $10,000 represents ~140%+ upside. But for these two, it’s not just a guess it’s part of their conviction thesis built on institutional flows, network upgrades, and narrative momentum.
What to Watch from Here
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Support zones: ETH needs to defend $3,800 - $4,000 a breakdown could unlock deeper downside.
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ETF reversals: Will outflows continue, or will bargain hunters and fiduciary mandates step back in?
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Macro & policy: Any fresh trade escalations, regulatory noise, or interest rate surprises could shift the tide.
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Network catalysts: Upgrades like Fusaka, scaling enhancements, and staking flows are still in play.
If Lee and Hayes are right, this could be a momentary shakeout before the final leg. But if not, we may be dancing above a deeper abyss.
FAQs
Q: Did Ethereum ETFs actually see $428 million outflows in one day?
Yes. Spot ETH ETFs recorded $428 million in net outflows, with BlackRock’s ETHA leading the redemptions.
Q: What’s so significant about that figure?
It reverses the prior inflow streak and highlights how fragile large institutional exposure to ETH currently is.
Q: Are Lee and Hayes still bullish on ETH’s $10,000 target?
Yes. Both maintain that ETH can reach $10,000 to $12,000 by end of year despite the current turbulence.
Q: How realistic is $10,000 from ~$4,100?
It’s highly aggressive. It requires ~140%+ upside in a short span, but Lee and Hayes believe it’s feasible under institutional momentum and favorable macro conditions.
Q: Could this outflow trend reverse?
Absolutely. If price stabilizes, macro risk subsides, and institutional confidence returns, inflows could reaccelerate.
Q: What if ETH breaks down further?
Support near $3,800–$4,000 is critical. A failure there may signal a deeper correction.