U.S. spot Ethereum exchange-traded funds recorded about $39 million in net outflows on Thursday, their third straight day of withdrawals after roughly $224 million left on Wednesday and $141 million on Tuesday. The three-day total was about $405.4 million, although Ether rose 2% to around $2,470. Earlier, combined U.S. spot Bitcoin and Ethereum ETF redemptions reached approximately $520 million on September 16, including $296 million from Bitcoin products and $224 million from Ethereum products. The Federal Reserve raised its target range by 25 basis points to 3.75%-4.00%, its first increase since 2023, adding pressure to risk assets. A Senate procedural vote on the CLARITY Act also failed, 49-50, short of the 60 votes required. U.S. spot Bitcoin ETFs later drew approximately $159 million, while the single U.S. Zcash fund added nearly $47 million. Ethereum funds remain more than $1.5 billion ahead over 30 days and Bitcoin funds nearly $2.5 billion ahead. BlackRock's pending application for a staking Ethereum ETF indicates that its Ethereum product strategy remains active despite client redemptions from its existing fund.