I just checked the ETF data: $156 million in net outflows.
According to SoSoValue, U.S. spot Ethereum ETFs saw $156 million in net outflows on October 30, marking 5 consecutive trading days of net outflows, yet $ETH barely moved.
I just checked Binance spot: ETHUSDT is currently around 2242.56, up +0.10% over the past 24 hours.
Funds are flowing out, but the price hasn't fallen. No need to jump to conclusions just yet.
Do you think spot buying has absorbed the outflows, or has the sentiment not been reflected in the market yet?
#ETF #Ethereum
Not investment advice
According to SoSoValue, U.S. spot Ethereum ETFs saw $156 million in net outflows on October 30, marking 5 consecutive trading days of net outflows, yet $ETH barely moved.
I just checked Binance spot: ETHUSDT is currently around 2242.56, up +0.10% over the past 24 hours.
Funds are flowing out, but the price hasn't fallen. No need to jump to conclusions just yet.
Do you think spot buying has absorbed the outflows, or has the sentiment not been reflected in the market yet?
#ETF #Ethereum
Not investment advice