US Spot Ethereum ETFs have recorded 23 straight trading days of net outflows, the longest withdrawal streak since their launch in July 2024.
More than $1 billion reportedly left these funds in October, suggesting that institutional demand for Ethereum through traditional investment products has slowed in recent weeks.
BlackRock's ETHA fund has been among the major contributors to the withdrawals. On October 30, US Spot $ETH ETFS recorded about $155.8 million in outflows, with ETHA accounting for $76.6 million.
Despite this trend, Ethereum ETFs still hold significant assets. Investors are now watching to see when fresh demand returns and the outflow streak comes to an end.
#ETFsOnFire #EthereumETFs
More than $1 billion reportedly left these funds in October, suggesting that institutional demand for Ethereum through traditional investment products has slowed in recent weeks.
BlackRock's ETHA fund has been among the major contributors to the withdrawals. On October 30, US Spot $ETH ETFS recorded about $155.8 million in outflows, with ETHA accounting for $76.6 million.
Despite this trend, Ethereum ETFs still hold significant assets. Investors are now watching to see when fresh demand returns and the outflow streak comes to an end.
#ETFsOnFire #EthereumETFs
