Ethereum exchange-traded funds (ETFs) recorded significant outflows exceeding $600 million last week, sparking concerns among traders. BlackRock's ETHA ETF led the withdrawals with $470 million, while FETH and ETHE saw outflows of $35 million and $49 million, respectively. This capital withdrawal trend is seen as a potential warning signal for the market. The current Ethereum price is $2,975, with analysts suggesting that the outflows may indicate weaker institutional demand, potentially triggering bearish sentiment in the market. The substantial outflows from these ETFs highlight a shift in investor sentiment, prompting traders to closely monitor the situation.