Crypto
Ethereum ETF Outflows Continue for Third Straight Day
US spot Ethereum ETFs have continued to see significant outflows over the past three trading days, with a total of $405.4 million exiting the sector.
The selling streak started on September 15, when Ethereum funds posted net outflows of $142 million, followed by $224.1 million on September 16 and $39.3 million on September 17.
BlackRock's iShares Ethereum Trust (ETHA) led the overall outflows with a whopping $42.9 million leaving the fund. In contrast, Fidelity Ethereum Fund (FETH) and VanEck Ethereum ETF (ETHV) each posted net inflows of $1.8 million.
Meanwhile, spot Bitcoin ETFs saw a significant influx of capital, with $159.5 million flowing in on September 17.