In brief
- Ethereum ETFs recorded four consecutive days of outflows totaling $787.6 million from September 2-5, with Thursday’s $446.8 million representing the largest single-day exodus.
- Bitcoin ETFs posted net inflows of $250.3 million over the same period amid volatility.
- Analysts pointed out structural disadvantages, including staking restrictions and Ethereum’s “higher-beta” nature, making it the first target when risk appetite decreases.
U.S. spot Ethereum exchange-traded funds suffered a four-day outflow streak totaling $787.6 million last week, marking one of the most severe capital flights since the products launched.
Grayscale’s ETHE suffered the largest single-day outflow with $309.9 million exiting on September 5, while Fidelity’s FETH saw $216.7 million flee on September 4.
BlackRock’s ETHA posted mixed flows, recording $148.8 million in inflows on September 4 before reversing to $309.9 million in outflows the following day.
The bloodletting culminated in Thursday’s $446.8 million exodus, the largest single-day outflow since August 4, according to Farside Investors.
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Author: Vismaya V
