Ether ETFs Suffer $952 Million Outflow as Bitcoin Funds Gain Traction

Spot Ethereum exchange-traded funds (ETFs) experienced a significant outflow of $952 million over five trading days, raising concerns within the crypto market. Investors reduced their holdings in Ether products managed by prominent firms such as BlackRock and Fidelity, aligning with a trend of capital shifting towards Bitcoin ETFs. This withdrawal coincided with heightened recession fears and anticipation of potentially easing monetary policy from the US Federal Reserve.