UPDATE: Spot Ether ETFs see $55.4M net outflows in third losing session
CIE News ·
U.S. spot Ethereum ETFs shed $55.4 million in net outflows, pushing three-day redemptions to nearly $118 million as Bitcoin ETF flows rebounded.
U.S. spot Ethereum (ETH) ETFs logged $55.4 million in net daily outflows on October 1, marking their third consecutive session of net redemptions, according to Bitcoin.com News. The continuous withdrawals brought the funds' total three-session drain to about $118 million, primarily led by $23.5 million exited from Fidelity's FETH and $20.39 million shed from Grayscale's ETHE. As previously reported, U.S. spot Bitcoin (BTC) ETFs concurrently broke redemptions with $102.7 million in net inflows, leaving spot Ether ETF net assets at $17.71 billion.