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Ethereum Spot ETFs See First Net Outflow in 13 Days

Ethereum spot ETFs recorded a net outflow of $48.0764 million on Sept. 2 (EST), the first outflow after 12 consecutive days of inflows. BlackRock’s Staked ETH ETF (ETHB) led with a net inflow of $52.9147 million, bringing its historical total to $758 million. 21Shares’ TETH saw $2.0267 million in inflows, with a historical total of $22.8026 million.

Original source

AI take

The first net outflow after a long inflow streak signals a shift in short-term sentiment for Ethereum spot ETFs, though the breakdown reveals divergence: BlackRock's product still attracted significant capital while others lagged. This suggests institutional preference is consolidating toward the largest issuer, which could amplify market sensitivity to ETHB's flows. The key question is whether this outflow marks a temporary pause or the start of sustained redemptions, and whether other issuers can regain traction to offset reliance on one fund.

Generated by AI for reference only.

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