TLDREthereum’s price experienced a sharp decline due to significant ETF outflows from Fidelity, Grayscale, and VanEck.Fidelity led the withdrawals, pulling $216.8 million from its Ethereum fund, followed by Grayscale and VanEck.BlackRock’s iShares Ethereum Trust saw a $148.8 million inflow, helping to stabilize Ethereum’s price to some extent.Whale addresses accumulated nearly $230 million worth of ETH, potentially offering market support amid the price crash.The ETH price crash intensified despite BlackRock’s inflows, as the outflows from other funds overshadowed the positive impact.The price of Ethereum (ETH) has experienced a sharp decline, driven by significant ETF outflows. Major funds, including Fidelity, Grayscale, and VanEck, have led the sell-off, contributing to the ETH price crash. Despite some cushion from BlackRock’s inflows and whale purchases, Ethereum’s price remains under pressure.Heavy ETF Outflows Drive ETH Price CrashFidelity, Grayscale, and VanEck have been the primary contributors to the recent ETH price crash. According to data from SoSoValue, Fidelity pulled $216.8 million from its Ethereum fund. Grayscale and VanEck also followed with withdrawals of $26.4 million and $17.2 million, respectively.The combined outflows from these major funds have contributed heavily to the downward pressure on Ethereum’s price. As a result, the ETH price crash accelerated, and the cryptocurrency briefly dipped below $4,300. The increased selling pressure from these funds left little room for bulls to maintain upward momentum.The massive outflows from Fidelity, Grayscale, and VanEck have been pivotal in driving ETH’s price lower. The ETFs have traditionally played a major role in supporting Ethereum’s value, but the withdrawals are testing investor confidence.BlackRock’s Inflows Provide Some Cushion Amid ETH PriceWhile major funds have been selling off Ethereum, BlackRock has taken a different approach. Its iShares Ethereum Trust saw an inflow of $148.8 million, pushing its total assets above $13 billion. This influx of capital helped to stabilize Ethereum’s price to some extent.Arkham Intelligence’s data confirms that BlackRock-linked custody accounts have received substantial ETH transfers. This inflow provided some support and helped mitigate the bearish pressure from other major funds. The inflows into BlackRock’s Ethereum Trust may signal continued institutional interest in Ethereum despite the broader ETF sell-off.Still, the ETH price crash has persisted, with Ethereum struggling to recover fully. Despite BlackRock’s positive influence, the outflows from competing ETFs have outpaced the buying activity.Whale Purchases Offer Hope Amid ETHIn contrast to the ETF sell-offs, Ethereum whale addresses have been accumulating ETH aggressively. Arkham Intelligence data shows that three new whale addresses bought nearly $230 million worth of ETH. These large-scale acquisitions, made through FalconX and BitGo, could provide the market with much-needed support.THREE WHALES JUST BOUGHT $230M OF ETHThree new Whale addresses just bought $229.91M of ETH from FalconX and Bitgo.Whales are accumulating $ETH.Addresses: 0x07BcD04FDC108E8Aa39233f00D93B1E75AFEecbc0xC77ecE9Fb15b958563dB6fE990f83E3809fdEc51… pic.twitter.com/H7Cu5O6Up2— Arkham (@arkham) September 5, 2025The wallets of the whales hold significant ETH balances, with each holding between 10,000 and 18,000 ETH. The whale activity suggests that institutional and private investors remain confident in Ethereum’s long-term potential, despite the ongoing ETH price crash.Analysts believe this surge in whale purchases could help stabilize the market. Whale activity is often a precursor to price stabilization or recovery, which may offer some hope to investors during the current ETH price crash.The post ETH Price Crash: Fidelity, Grayscale, VanEck Lead ETF Sell-Off appeared first on Blockonomi.