Alarming $1B Drain Hits Spot ETH ETFs in 6-Day Streak – Is a Deeper Crash Imminent?

Group 1 - Spot Ether exchange-traded funds (ETFs) have experienced significant net outflows totaling over $1.04 billion over six consecutive trading days, indicating a sharp reversal from previous bullish trends [1][4] - On a single day, Ether ETFs saw a withdrawal of $446.7 million, with total assets under management dropping to $27.39 billion, which is 5.28% of Ether's market capitalization [2][3][4] - Despite the outflows, some inflows were recorded in other Ethereum products, such as Fidelity's FETH and Grayscale's ETHE, but these were not enough to offset the overall decline [3][4] Group 2 - In contrast to Ethereum ETFs, Bitcoin ETFs have continued to attract inflows, with a recorded $368.2 million in net inflows on September 8, led by Fidelity's FBTC [5][6] - Bitcoin ETFs now hold $145.4 billion in assets, which is 6.52% of Bitcoin's market cap, and have cumulative inflows of $54.86 billion since their launch [6] - The divergence between Ethereum and Bitcoin ETFs is notable, especially considering Ethereum's strong performance in the summer months, where it had $4 billion in net inflows in August alone [7][8]