The post Spot Ethereum ETFs Suffer Highest Weekly Outflow Since Launch In Sign Of Low Institutional Appeal ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp U.S. spot Ether exchange-traded funds (ETFs) endured their biggest outflow week, marking the most severe capital flight since the products launched early last year. The bloodletting came as the price of Ether cratered below the $4,000 crucial support level, before rebounding slightly. ETH ETFs Bleed As Institutions Pull Back Data from SoSoValue shows that spot ETH ETFs saw over $795.5 million exiting during the week ending Sept. 26, in a sign of waning institutional demand for the world’s second-largest token by market capitalization. Those figures are the highest ever since the funds first went live on July 23, outpacing the cumulative outflows of $787.7 million registered in the week ending Sept. 5. Fidelity’s FETH suffered the largest outflow, with investors withdrawing $362 million from the fund during the past week. BlackRock’s iShares Ethereum Trust (ETHA) bled over $200 million in investor money. ETHA was the first spot ether ETF among a cohort of 11 issuers to cross the landmark $1 billion in net inflows. It currently holds over $15 billion in net assets. The combined ETH ETFs currently hold 5.37% of the digital asset’s supply. Advertisement &nbsp ETH’s drop below $4K on Thursday and Friday culminated in $250 million exodus during each day, the worst two-day outflow streak since mid-August. Ether’s price bounced slightly on Sept. 27, reclaiming the $4,000 mark. ETH is currently changing hands at $4,003.35, flat on the day and down 10.6% over the past week, according to price aggregator CoinGecko. All signs point to investors pulling profits off the table after ETH jumped by over 60% within a year, drawing considerable institutional interest. Bitcoin ETF Demand Weakens Meanwhile, Bitcoin ETFs weren’t immune from these outflows over the last seven days, with the dozen publicly listed institutional investment vehicles hemorrhaging $902.5 million… The post Spot Ethereum ETFs Suffer Highest Weekly Outflow Since Launch In Sign Of Low Institutional Appeal ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp U.S. spot Ether exchange-traded funds (ETFs) endured their biggest outflow week, marking the most severe capital flight since the products launched early last year. The bloodletting came as the price of Ether cratered below the $4,000 crucial support level, before rebounding slightly. ETH ETFs Bleed As Institutions Pull Back Data from SoSoValue shows that spot ETH ETFs saw over $795.5 million exiting during the week ending Sept. 26, in a sign of waning institutional demand for the world’s second-largest token by market capitalization. Those figures are the highest ever since the funds first went live on July 23, outpacing the cumulative outflows of $787.7 million registered in the week ending Sept. 5. Fidelity’s FETH suffered the largest outflow, with investors withdrawing $362 million from the fund during the past week. BlackRock’s iShares Ethereum Trust (ETHA) bled over $200 million in investor money. ETHA was the first spot ether ETF among a cohort of 11 issuers to cross the landmark $1 billion in net inflows. It currently holds over $15 billion in net assets. The combined ETH ETFs currently hold 5.37% of the digital asset’s supply. Advertisement &nbsp ETH’s drop below $4K on Thursday and Friday culminated in $250 million exodus during each day, the worst two-day outflow streak since mid-August. Ether’s price bounced slightly on Sept. 27, reclaiming the $4,000 mark. ETH is currently changing hands at $4,003.35, flat on the day and down 10.6% over the past week, according to price aggregator CoinGecko. All signs point to investors pulling profits off the table after ETH jumped by over 60% within a year, drawing considerable institutional interest. Bitcoin ETF Demand Weakens Meanwhile, Bitcoin ETFs weren’t immune from these outflows over the last seven days, with the dozen publicly listed institutional investment vehicles hemorrhaging $902.5 million…