Ether Falls 8.5% to $2,220 as US Ether ETFs See $99.9M Net Outflows

The swing from a $53 million inflow to a $99.9 million outflow in a single session suggests ETF flows are tracking price momentum rather than leading it, which weakens the case for treating daily creations and redemptions as a directional signal. Ether's underperformance relative to bitcoin points to rotation within crypto rather than a uniform risk-off move, leaving ether-specific positioning as the more likely driver. Whether the outflow reflects one-off de-risking or the start of a sustained redemption trend is the open question, and the next few sessions of flow data against the $2,220 level are what matter.