US Spot Ether ETFs See Significant Net Outflows Amid Ongoing Market Volatility

US spot Ether (ETH) exchange-traded funds (ETFs) saw significant net outflows of $48.07 million on September 2, marking an end to a 12-day streak without withdrawals.

The largest contributor to these outflows was BlackRock's ETHA ETF, which recorded a net withdrawal of $53.35 million. Fidelity's FETH and Grayscale's ETHE also posted net outflows of $26.17 million and $23.49 million, respectively.

However, not all news is bearish for Ether investors. BlackRock's staked Ether ETF, ETHB, drew in a substantial $52.91 million in net inflows, while 21Shares' TETH added $2.03 million to the cause.