Ethereum shock: ETFs with largest outflows since trading launch

Spot Ethereum ETFs recorded their highest weekly outflows ever last week.
According to data from SoSoValue, ETFs saw outflows totaling $795.6 million in the week ending September 26, with trading volume exceeding $10 billion.
The outflows narrowly exceeded the second-worst week for the funds, the week ending September 5, which saw outflows worth $787.7 million.
BlackRock's industry-leading ETHA fund alone, which still has over $15.2 billion in assets under management, saw over $200 million outflows last week.
The ETH price continued to struggle with the $4,000 mark over the weekend. In recent weeks, the Ethereum narrative has been increasingly threatened by corporate chains. In addition to stablecoin company Circle, payments giant Stripe and Google Cloud are also launching their own Layer 1 blockchains.
Spot Bitcoin ETFs also recorded weekly outflows totaling $902.5 million. While the crypto market is suffering significant price losses, investors remain hopeful for a year-end rally.
If you want to buy Ethereum, you can do so at Bitpanda, among others.

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