Spot Ethereum ETFs experienced an unprecedented wave of outflows, with a record loss of $795.6 million in the week ending September 26, according to data from SoSoValue.
This narrowly surpassed the previous record set earlier in the month.
The sell-off intensified as the price of ether fell below $4,000, triggering daily outflows of approximately $250 million on both Thursday and Friday, the worst two-day period since mid-August.
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Leading the decline, Fidelity's FETH fund recorded an outflow of $362 million, while BlackRock's giant ETHA fund lost more than $200 million.
Despite the historic outflow of funds, the products continued to record trading volume in excess of $10 billion, indicating significant activity in the market.