China News by Thebittimes.Com

Ethereum ETFs (exchange-traded funds) posted their highest net daily outflows in a month, extending their negative streak to five days.  According to data from Farside Investors, $446.8 million left the funds’ reserves on Sept. 5, the largest net daily outflow since Aug. 4, when $465.1 million flowed out of the products.  BlackRock’s Spot Ethereum ETF Takes The Biggest Blow The ETH ETF that saw the largest net daily outflow was BlackRock’s ETHA. Investors withdrew $309.9 million from the ETF on Sept. 5. It had chalked up an inflow of $148.8 million a day earlier. Fidelity’s FETH, 21Shares’ TETH, and both Grayscale’s ETHE and ETH funds also recorded outflows. Grayscale’s ETHE suffered the second-biggest daily outflow, with $51.8 million exiting the fund, while the asset manager’s ETH product saw $32.6 million leave its reserves. Meanwhile, Fidelity’s FETH recorded $37.8 million in outflows and investors pulled $14.7 ...

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