Ethereum ETFs Reverse $690 Million Inflow with $118 Million Outflows

Ethereum ETFs pulled in a staggering $690 million in one week, but investors quickly reversed their enthusiasm, withdrawing approximately $118 million from these funds over three consecutive trading days.

From September 29 to October 1, the tide turned, with investors withdrawing $3 million, $60 million, and $55 million, respectively. This trend resembles an earlier episode in September, when Ethereum ETFs saw a $24 million outflow immediately after a robust $824 million week.

While quarter-end selling may have contributed to some of the outflows, the trend continued even after the quarter closed. This disparity suggests investors are moving money specifically out of Ethereum funds, rather than withdrawing from cryptocurrency funds overall.