- Ethereum ETFs saw their largest outflows since July, with more than $79 million pulled out on Monday.

- Grayscale’s Ethereum Trust (ETHE) saw the bulk of the outflows, while Bitwise’s ETHW saw minor inflows.

- Despite Ethereum’s 11% rise on the back of the Fed’s rate cut, the ETF outflows highlight investor skepticism about Ethereum’s long-term prospects.

- Experts note that traditional financial investors favor Bitcoin as “digital gold,” while Ethereum’s “world computer” is harder to understand.

- Analysts attribute the outflows to general pessimism about Ethereum’s growth and investors’ ability to reallocate capital to other assets.