Ethereum ETF Outflows Surge to $175 Million Amidst Market Volatility

Recent data reveals significant outflows from Ethereum-based exchange-traded funds (ETFs), totaling $175 million on October 10th, according to SoSoValue. This marks a sharp shift in institutional sentiment surrounding these products as all nine U.S.-listed funds experienced zero inflows during the session. BlackRock’s ETHA ETF recorded the largest outflows at $80.19 million, followed by Fidelity’s FETH ($30 million) and Grayscale’s ETHE ($21.58 million). Other issuers, including VanEck, Franklin, 21Shares, and Invesco, also saw no new inflows.