Spot Bitcoin ETFs in the US have seen major changes in recent weeks. Investors invested more than $200 million in late August on the promise of Fed Chair Jerome Powell to lower interest rates. However, this positive atmosphere was short-lived and $287.8 million was withdrawn by early September. 📉

Ethereum ETFs are suffering a similar fate. Grayscale’s ETHE led the way, while other ETFs failed to gain traction. Even BlackRock’s ETHA has not seen inflows since August. Fidelity’s FETH alone has attracted $4.9 million.