Ethereum ETFs Suffer $2B Outflows Across Nine Days
Ethereum exchange-traded funds recorded nine consecutive days of outflows, shedding $2 billion amid falling Ether prices.
Ethereum exchange-traded funds recorded a nine-day streak of outflows, losing a total of $2 billion, according to Pluang. The withdrawals were driven primarily by falling Ether prices across the broader cryptocurrency market.
Outflow Streak Extends
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The consecutive sessions of net negative flows highlight ongoing pressures on institutional Ethereum investment vehicles as asset prices decline.
Key facts
- Duration: Nine consecutive days of outflows
- Total Loss: $2 billion
- Primary Driver: Falling Ether prices
Source: news.google.com
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