#EtherETFsExtendOutflowsToNineDays
🚨 ETHEREUM ETFs HAVE JUST RECORDED 9 CONSECUTIVE DAYS OF OUTFLOWS — NEARLY $700 MILLION HAS EVAPORATED.
U.S. spot Ethereum ETFs have recorded nine consecutive trading days of net outflows, with approximately $697.2 million withdrawn since September 29.
This pressure is fueling concerns about institutional demand for $ETH .
Key figures:
📉 $542.1 million flowed out of Ethereum ETFs last week — their worst weekly performance since January.
💰 $56.1 million left the funds on October 9 alone.
⚠️ BlackRock’s ETHA accounts for most of the recent withdrawals, making institutional fund flows a key indicator to watch.
However, outflows do not automatically mean institutions have abandoned Ethereum, nor do they guarantee another price drop.
As $ETH trades around $2,500, persistent ETF outflows could continue to weigh on market sentiment.
#Ethereum #ETH #BinanceSquareTalks
$LUMIA
$STRK
🚨 ETHEREUM ETFs HAVE JUST RECORDED 9 CONSECUTIVE DAYS OF OUTFLOWS — NEARLY $700 MILLION HAS EVAPORATED.
U.S. spot Ethereum ETFs have recorded nine consecutive trading days of net outflows, with approximately $697.2 million withdrawn since September 29.
This pressure is fueling concerns about institutional demand for $ETH .
Key figures:
📉 $542.1 million flowed out of Ethereum ETFs last week — their worst weekly performance since January.
💰 $56.1 million left the funds on October 9 alone.
⚠️ BlackRock’s ETHA accounts for most of the recent withdrawals, making institutional fund flows a key indicator to watch.
However, outflows do not automatically mean institutions have abandoned Ethereum, nor do they guarantee another price drop.
As $ETH trades around $2,500, persistent ETF outflows could continue to weigh on market sentiment.
#Ethereum #ETH #BinanceSquareTalks
$LUMIA
$STRK