🥎🅱️Crypto: Ethereum ETFs are experiencing💎 a record series💥 of outflows!💎🥎🅱️👇

⏩U.S.-based ⏩Ethereum ETFs are facing⏩🥎 their longest 💎series of capital outflows🥎💎 since their launch. 💎This situation ⏩raises💎 questions⏩ about their future in an⏩ ⏩increasingly competitive crypto market.⏩

An unprecedented wave of outflows for these crypto ETFs
Since their launch on July 23, the spot Ethereum ETFs have been facing dark days, marked by an unprecedented wave of withdrawals. Between August 15 and 21, these crypto funds suffered a series of consecutive outflows over five days. This is a first since they entered the market. The cumulative losses reached alarming levels, totaling $92.2 million.

This capital flight is mainly due to significant withdrawals from the Grayscale Ethereum Trust (ETHE), which recorded outflows of $2.5 billion over the same period.