$55M Daily Outflow Hits US Spot Ether ETFs After September Influx

US spot Ether ETFs saw significant outflows on October 1, with net withdrawals totaling $55.4 million. This figure represents a stark contrast to the September totals, where these funds experienced $831.5 million in net inflows. Year-to-date, US spot Ether ETFs have seen $1.71 billion in net inflows.

Fidelity's FETH led the pack with $23.5 million in net outflows, followed closely by Grayscale's ETHE at $20.4 million. VanEck's ETHV recorded $6.9 million in net outflows, while Franklin's EZET saw $6.1 million in withdrawals.

However, not all Ether ETFs were hit with outflows. Grayscale Mini ETH actually experienced $1.5 million in net inflows on October 1. Other funds such as BlackRock's ETHA and Bitwise's ETHW recorded no net inflows or outflows.