After a period of stagnation, spot trading in Ethereum ETFs resumed growth, mainly due to increased liquidity following the recent interest rate cut by the US Federal Reserve.
Despite a weak start to the week, institutional investors renewed their interest in #Ethereum investment products, driving prices higher even amid oversold by large #ETH holders. On September 27, Fidelity's FETH led the way with $42.5 million, followed by BlackRock's ETHA with $11.5 million.
At the same time, Greyscale's ETHE had an outflow of $10.7 million, and after an outflow of nearly $80 million earlier in the week, BlackRock's movement quickly regained positive momentum.
Meanwhile, #blockchain data shows a significant sell-off in Ethereum. Two major institutions withdrew significant amounts of money, including 11,800 ETH from Cumberland and 5,134 ETH from ParaFi Capital.
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