Ethereum Spot ETFs Experience Significant Outflows, Signaling Shifting Investor Sentiment

Ethereum spot exchange-traded funds (ETFs) experienced a dramatic outflow of over $135 million on September 2nd, according to SoSoValue data. Despite the recent surge in Ethereum’s value, none of the nine ETFs saw inflows, with investors predominantly opting for selling. The largest outflow was driven by Fidelity’s FETH ETF, which recorded a staggering $99.23 million in outflows within a single day, despite holding historical net inflows of over $2.66 billion. This highlights a potential shift from long-term investment to short-term profit-taking.