**Ether ETFs: A Rollercoaster Ride 🎢**

- Day two of Ether ETFs trading saw a net outflow of $113.3M, thanks to Grayscale’s Ethereum Trust (ETHE) shedding $326.9M.

- Despite this, seven out of eight new Ether ETFs posted net inflows. Fidelity’s Ethereum Fund (FETH) led with $74.5M, followed by Bitwise Ethereum ETF (BITW) with $29.6M.

- BlackRock’s iShares Ethereum Trust (ETHA) gathered $17.4M, down from its initial robust inflows.

- ETHE’s conversion to a spot fund allowed easier selling, leading to $811M in outflows over two days.

- ETH price dropped 6.8% in 24 hours, reflecting market-wide sell-offs.

Source: Far Side, TradingView