Spot Ethereum ETFs post third straight day of outflows at $55.4M
- —Spot ETH ETFs saw $55.37M in net outflows on October 1, a third straight day
- —Fidelity FETH bled $23.5M, cumulative inflows now $2.36B
- —Grayscale ETH Mini Trust drew $1.55M, total inflows $2.02B
- —ETF net assets total $17.71B, equal to 5.38% of Ethereum's market cap
Why it matters: The sustained outflows point to weak institutional demand for ETH as its price retreats.
Source: PANews