Spot ETH ETF Outflow Dominated by BlackRock: Market Sentiment Shifts

Spot Ethereum Exchange-Traded Funds (ETFs) saw a significant net outflow of $81.1 million in the U.S. on October 29th, reversing a brief period of positive inflow. This abrupt shift raises questions about investor sentiment and the role of major players like BlackRock. The market experienced volatility with several prominent Ethereum-based ETFs recording substantial withdrawals, but BlackRock’s ETHA fund bucked the trend with an unexpected net inflow of $21.74 million.