US spot Ethereum ETFs log $56.10M outflow in ninth straight day of exits
CIE News ·
US spot Ethereum ETFs saw $56.10 million in net withdrawals on October 9, marking nine consecutive days of redemptions as BlackRock's ETHA led the selling.
United States spot Ethereum ETFs recorded $56.10 million in net daily outflows on October 9, extending their streak of net redemptions to nine consecutive sessions, according to cryptobriefing.com. BlackRock's iShares Ethereum Trust (ETHA) served as the primary contributor to the day's selling pressure, while the funds shed $641 million over the previous eight sessions. Meanwhile, tradingview.com reported that Ethereum continues to face headwinds from broader macroeconomic factors, including higher Treasury yields and a rising US Dollar Index, alongside the persistent ETF withdrawals.