ETH ETF outflows: 9 days of institutional selling pressure!

Ethereum is facing a tough test as U.S. spot ETH ETFs continue to record consecutive outflows. Is Wall Street losing confidence, or is this just a temporary pullback?

The numbers tell the story

🔻 9 consecutive days: U.S. spot Ethereum ETFs have recorded net outflows since September 29.

Nearly $697 million: Almost $700 million flowed out of these funds during the nine-day streak.

Outflows on October 9: $56.1 million in a single day.

BlackRock ETHA: The fund accounted for the entire reported net outflow of $56.1 million that day, while the other funds recorded zero net flows.

Why should ETH traders care?