TREE NEWS reports: US spot Ethereum ETFs recorded a net outflow of $55.3727 million on October 1, marking a third consecutive day of net redemptions. Fidelity’s FETH led the outflows at $23.5039 million, while Grayscale’s Ethereum Mini Trust ETH drew the largest single-day inflow at $1.5463 million. FETH’s cumulative net inflow stands at $2.364 billion, and ETH’s at $2.022 billion.
US Spot Ethereum ETFs Post $55.37M Net Outflow, Third Straight Day
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AI take
Three straight days of net redemptions, with the outflow led by Fidelity's fund rather than the legacy Grayscale trust, suggests the selling is concentrated in the newer, lower-fee vehicles that had been the main recipients of inflows. That the only meaningful offset came from Grayscale's Mini Trust, while its cumulative total still trails FETH's, points to rotation within the category rather than a wholesale exit. Whether this reflects a broader cooling in ETH fund demand or just a pause after heavy accumulation is the open question.
Generated by AI for reference only.
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