US spot Ethereum ETFs see $59.58M net outflow, second straight day of redemptions
- —Net outflow from US spot Ethereum ETFs reached $59.58 million
- —Fidelity's FETH bled $26.6 million, the largest single-fund outflow
- —Grayscale Ethereum Mini lost $25.48 million; ETHE shed $7.5 million
- —Redemptions have now run for two straight trading days
Why it matters: Sustained outflows from ETH funds point to cooling institutional demand for Ethereum.
Source: Bloomingbit