Fidelity Ethereum ETF Sees Largest Daily Outflows Since Launch

On October 1st, the Fidelity Ethereum Fund experienced a significant outflow of $25 million, marking the highest daily outflow among US-based spot Ether ETFs, excluding Grayscale. This development comes amidst a broader market trend where investors have shown a degree of caution towards crypto assets, particularly Ether, which has been struggling to regain its footing after the recent market volatility. While the reasons behind this specific outflow remain unclear, it highlights the dynamic nature of the ETF landscape and the challenges inherent in navigating the crypto market.