Ethereum ETFs Suffer Second-Largest Daily Withdrawal Since Launch

On September 5, Ethereum-linked exchange-traded funds (ETFs) in the United States saw a wave of redemptions, with investors pulling more than $444 million. The sell-off marked the second-largest outflow since the funds launched in July 2024. It signaled a sharp reversal in investor appetite for ETH exposure. ETH Funds Log Sharpest Weekly Decline Since Launch According to SoSo Value data, BlackRock’s ETHA led the withdrawals, shedding $307.68 million, which represents nearly 70% of the day’s total. Grayscale’s two funds followed with cumulative outflows of over $80 million, while Fidelity’s FETH shed $37.77 million. 21Shares’ CETH also posted $14.68 million in withdrawals. As a result, the September 5 redemptions extended a five-day run of capital exits that began on August 29.…