Ethereum ETF Suffers Heavy Outflows Amid ETH Price Surge

The 21Shares Ethereum ETF, TETH, experienced significant outflows of $10.78 million on September 17, stripping it of 42.2% of its assets in a single day. This move left the fund with just $25.56 million in AUM.

Despite the rally of ETH-USD to $2,579.99 and a 50.8% increase over the past three months, investors seem to be locking in gains or rotating exposure amid concerns over the sustainability of the recent upswing.

The technical picture for Ethereum remains constructive, with a 1-day signal of Strong Buy pointing to bullish momentum in spot markets.