Ethereum ETFs just had another week of outflows—the worst since January this year.
A total of $540 million flowed out last week, with nearly 90% coming from BlackRock’s fund.
Outflows have continued for two weeks in a row.
Here’s what’s unusual:
Money is flowing out,
but trading volume was significantly higher than the week before.
ETH even ticked up a bit today.
Put simply, some people are pulling out,
while others are buying in.
The U.S. market flows this Monday
are the first number I’ll be watching.
If outflows continue, $ETH —I won’t add to my position.
#EthereumSpotETFsSawNetOutflowsOf$542MillionLastWeek $ETH
A total of $540 million flowed out last week, with nearly 90% coming from BlackRock’s fund.
Outflows have continued for two weeks in a row.
Here’s what’s unusual:
Money is flowing out,
but trading volume was significantly higher than the week before.
ETH even ticked up a bit today.
Put simply, some people are pulling out,
while others are buying in.
The U.S. market flows this Monday
are the first number I’ll be watching.
If outflows continue, $ETH —I won’t add to my position.
#EthereumSpotETFsSawNetOutflowsOf$542MillionLastWeek $ETH