93% of October's $1.09 Billion Ether ETF Exit Came From One BlackRock Fund
About 93% of the $1.09 billion net exit from US spot Ether ETFs between October 5 and October 22 came from BlackRock’s ETHA. That concentration changes the meaning of the headline: investors withdrew heavily from one fund, while the rest of the market did not move uniformly in the same direction. Nor does BlackRock’s staked Ether product provide evidence of a neat switch into yield. ETHB’s disclosed asset base shrank too. ...