Monday’s numbers are out
U.S. spot Ethereum ETFs saw another roughly $85 million in outflows on Monday, mostly from BlackRock’s fund. Last week, they’d already seen $540 million leave.
$ETH briefly dropped to just above 2,400 this morning, but has since bounced back a bit.
Put simply, ETF flows haven’t turned around yet. No matter how quickly the price bounces, I’m treating it as a relief rally for now.
CPI is also due tomorrow night. Until flows turn positive, I’m just watching $ETH —not making any moves.
#EthereumSpotETFs saw $542 million in net outflows last week $ETH
U.S. spot Ethereum ETFs saw another roughly $85 million in outflows on Monday, mostly from BlackRock’s fund. Last week, they’d already seen $540 million leave.
$ETH briefly dropped to just above 2,400 this morning, but has since bounced back a bit.
Put simply, ETF flows haven’t turned around yet. No matter how quickly the price bounces, I’m treating it as a relief rally for now.
CPI is also due tomorrow night. Until flows turn positive, I’m just watching $ETH —not making any moves.
#EthereumSpotETFs saw $542 million in net outflows last week $ETH