ETH/USD: Ether Logs 5-Day Losing Streak Despite Launch of First ETF to Allow Staking

Ether bulls are hanging in there – it’s been one downturn after another with the crypto washing out $1,000 from its record valuation in one month.

😬 Ether Slips Under $4,000

• Ethereum ETHUSD slid below $4,000 Friday for the first time since early August, after losing more than 6% on Thursday. It’s now lower by a solid 20% from its near-$5,000 record last month, erasing $1,000 in value per coin.
• We’re talking about a five-day losing streak – the longest since late February – as crypto markets wobble under the weight of weak inflows, no risk appetite, and shaky sentiment. Bitcoin’s dip hasn’t helped either. The OG token was seen languishing under $109,000 earlier today.
• Ether bulls remain steadfast and certain that this pullback is a patience test. After all, the second-largest crypto is a cornerstone of DeFi and smart contracts, even as the price action is saying “buy low, sell lower.” And VC guru Peter Thiel has been hard at work to make Ether shine.

💸 ETF Outflows Pile Up

• Ethereum exchange-traded funds (ETFs) is another story that deserves attention. Since Monday, investors have yanked $300 million out of Ether funds, suggesting confidence in institutional wrappers isn’t immune to drawdowns.
• The selling pressure contrasts with the hype seen just a few months back when cryptos were flying off the charts. Now, some traders are not sure if these institutional products actually support the price, or just magnify volatility. Or if the Ethereum network even needs them.
• Some long-term holders see outflows as short-term jitters. ETFs don’t change Ethereum’s role in the broader blockchain economy, even if they ding near-term demand.

🚀 Staking ETFs Are a Thing Now?

• Rex-Osprey, an ETF issuer, just launched the first US ETF giving investors exposure to Ether plus staking rewards. The product lets TradFi investors grab ETH and earn yield without messing with private keys. The firm is fresh off the launch of its Dogecoin ETF.
• The timing is not that great: new product drops, terrible market mood offers no cheer. Ether’s slide has overshadowed what could be a big milestone for mainstream adoption.
• If staking ETFs gain traction, they could unlock fresh demand. But if the token keeps sliding, investors may decide 3–5% staking yield isn’t worth a 20% drawdown in price.