Ethereum ETFs Near Fourth Week of Outflows as Coinbase Premium Drops
Spot Ethereum exchange-traded funds approach a fourth consecutive week of net outflows while the Coinbase Premium Index falls to a June low.
Spot Ethereum exchange-traded funds are nearing their fourth consecutive week of net outflows, according to data reported by Tmgm. The ongoing negative flows coincide with a decline in the Coinbase Premium Index, which has fallen to its lowest level since June.
The metric tracks the price difference between Coinbase Pro and Binance, serving as an indicator of US institutional buying pressure and market sentiment. The drop to a June low highlights sustained selling pressure and reduced demand among institutional market participants in the United States.
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Key Facts
- Spot Ethereum exchange-traded funds near a fourth week of net outflows.
- The Coinbase Premium Index declines to a June low.
- Data published by Tmgm highlights ongoing US institutional demand weakness.
Source: news.google.com
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