**Crypto Market Sees Major Outflows on Oct. 1**

Investment outflows from Fidelity's Ethereum Fund (FETH) hit a record $25 million on Oct. 1, leading the pack among U.S.-based spot Ether ETFs. In total, spot Ether ETFs saw $48.6 million in outflows across nine issuers. Grayscale's ETHE and Bitwise's ETHW also saw significant outflows of $26.6 million and $0.9 million, respectively.

However, not all funds were in the red. 21Shares’ Core Ethereum ETF (CETH) and VanEck's Ethereum ETF (ETHV) recorded positive inflows of $1.2 million and $2.7 million.

In the Bitcoin ETF market, outflows mirrored Ethereum's trend, with a total of $242.6 million leaving the market. Fidelity's Wise Origin Bitcoin Fund (FBTC) led with $144.7 million in outflows, followed by ARK 21Shares Bitcoin ETF (ARKB) at $84.3 million.

Despite the turbulence, BlackRock's iShares Ethereum Trust (ETHA) remains the leader in total investments, boasting over $1.14 billion.