Ethereum and Bitcoin ETFs See Heavy Outflows, Prices Drop in Response

Ethereum and Bitcoin both faced pressure on September 5 as U.S. spot ETFs reported another day of heavy outflows. Ethereum spot ETFs alone saw $447 million in net withdrawals, marking the second-largest daily outflow in their history. Bitcoin spot ETFs also struggled, posting $160 million in outflows. Notably, none of the twelve Bitcoin ETFs managed