Crypto ETF Outflows Surge as Ethereum Funds Drop $912 Million

Cryptocurrency exchange traded funds (ETFs) experienced a notable decrease in fund flows during early September, with weekly trading volumes dropping by 27%, according to CoinShares data. This decline is attributed to a combination of market trends and investor sentiment, resulting in outflows of $352 million over the past week despite a relatively favorable environment for risk assets following a weak US employment report and potential interest rate cuts. 💰