Ethereum ETFs Reverse $690M Inflow with $118M Outflow Over Three Days

Ethereum ETFs saw a significant influx of $690 million in one week, but the trend quickly reversed, resulting in outflows for three consecutive trading days.

From September 29 to October 1, investors withdrew approximately $118 million from these funds, according to data from SoSoValue.

The iShares Ethereum Trust ETF (NASDAQ: ETHA) led the influx with $326 million, while the Fidelity Ethereum Fund (CBOE: FETH) added another $174 million.

However, the selling trend continued even after the quarter closed, with Ethereum funds seeing another $55 million in outflows on October 1.

The disparity between Ethereum and Bitcoin funds suggests investors are moving money specifically out of Ethereum funds, rather than withdrawing from cryptocurrency funds overall.