Ethereum Spot ETFs Record $85.4M in Outflows
Ethereum spot exchange-traded funds registered $85.4 million in daily outflows, extending a streak of consecutive withdrawals.
Update (Oct 13, 06:03 UTC): According to Pluang, BlackRock's Ethereum exchange-traded fund recorded $75 million in outflows.
Ethereum spot exchange-traded funds recorded $85.4 million in outflows, according to Pluang. The latest data marks 10 consecutive days of withdrawals for the investment products.
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Extended Outflow Streak
The continuous string of withdrawals highlights persistent negative sentiment among institutional and retail investors holding the funds. The ten-day duration represents an extended period of capital exit from the sector.
Key facts
- Ethereum spot ETFs saw $85.4 million in outflows, according to Pluang
- The withdrawal figure marks 10 straight days of negative flows
- Data was published by Pluang
Source: news.google.com
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