**Ether ETFs: A Rollercoaster Ride 🎢**
- **Outflows Galore:** New Ethereum ETFs saw a whopping $750 million exit in just four out of five trading days. Ouch!
- **A Ray of Hope:** July 30 brought some good vibes with $33.6 million in net inflows across nine spot Ether ETFs—the first positive day since launch.
- **Bitwise vs. BlackRock:** Bitwise briefly outshone BlackRock by waiving fees, but BlackRock reclaimed its throne in trading volume by July 31.
- **Regulatory Hurdles:** The SEC's concerns over Ethereum’s staking mechanism add a twist to the tale.
- **Future Outlook:** BlackRock sees little interest beyond BTC and ETH, while Bitwise remains optimistic about ETH’s potential impact.
Stay tuned for more crypto drama!
