Ethereum funds have seen notable outflows this week, with BlackRock’s iShares Ethereum Trust leading the move. Over the 5-day stretch from May 11 to May 15, roughly $185 million to $189 million left that fund, based on SoSoValue estimates. The broader group of U.S. spot ether ETFs has now posted 10 straight days of net redemptions.
That matters because the fund flows are lining up with a weak spot-market signal. Ether has repeatedly failed to reclaim $2,114, a level that had been support and is now acting as resistance. When money is leaving listed ether products at the same time price cannot retake a former floor, it tells traders demand is still not strong enough at a key level. ETH remains vulnerable to more cautious positioning until either ETF flows stabilize or price can convincingly get back above $2,114.