$ETH

ETH spot ETF sees $161 million in single-day outflows
Are institutions all fucking running for the exits?

Holy shit
Guys
This round of Ethereum ETF action is seriously fucking wild

On October 7,
U.S. spot Ethereum ETFs saw $161 million in net outflows in a single day
And that makes 7 consecutive trading days of net outflows
Over the past 5 trading days, total outflows came to around $506 million

BlackRock was still the biggest one bleeding cash
That clown
Buys the most every time
And talks the biggest game
But when it really matters,
he's also the one who bails the hardest

ETHA saw around $116 million in outflows in one day
Grayscale's ETHE also saw $25.8 million in outflows

The craziest fucking part is
On October 7,
not a single spot ETH ETF recorded net inflows

This is fucking ridiculous
ETH had just surged on the back of consecutive ETF inflows
And now institutions have suddenly all hit the brakes

The key thing is, this isn't just a one-day freakout
Seven straight days of outflows
shows that investors' appetite for ETH really is cooling

So no wonder I knew Ethereum was going to drop this time
I just didn't expect it to drop that hard
Bitcoin's holding up pretty well
But Ethereum went soft as fuck in less than two seconds

Still,
that doesn't mean ETH is completely done for
Those institutional clowns
are fucking fair-weather friends
When the market's hot,
they rush in, rush in, rush in
Make a little profit,
and they're gone
Honestly, we're the same 🤭

Give it a while and those clowns will come back to cling to Ethereum again
U.S. spot ETH ETFs still have cumulative net inflows of over $13 billion
And total ETF net assets are around $16.4 billion
So right now, it looks more like investors are pulling back some of their positions
rather than institutions collectively throwing ETH in the trash

But with ETH's recent price action, the surge in the validator exit queue,
and risk appetite starting to cool,
these signals are piling up
so we have to be cautious

Ethereum is definitely going to fall
I say this all the time:
2300 or 2155
This time, I don't think it can avoid it

#以太坊现货etf单日净流出1.61亿美元