【Market Update】ETH ETF Outflow Wave: Nearly $3.5 Billion in Paper Losses
The ETH ETF outflow wave hasn’t stopped: $140 million flowed out on November 2, followed by another $85 million on the 3rd, for $365 million in a single week and around $800 million over two weeks. October saw $1.61 billion in outflows, a record. Bloomberg analysts estimate that ETF holders’ cost basis is close to $3,200, leaving them with nearly $3.5 billion in paper losses at the end of October. ETH is currently trading at $2,240. When will it bottom out?
$ETH $BTC $SOL
#币安广场 #ETH #ETF
(Source: SoSoValue, Farside)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
The ETH ETF outflow wave hasn’t stopped: $140 million flowed out on November 2, followed by another $85 million on the 3rd, for $365 million in a single week and around $800 million over two weeks. October saw $1.61 billion in outflows, a record. Bloomberg analysts estimate that ETF holders’ cost basis is close to $3,200, leaving them with nearly $3.5 billion in paper losses at the end of October. ETH is currently trading at $2,240. When will it bottom out?
$ETH $BTC $SOL
#币安广场 #ETH #ETF
(Source: SoSoValue, Farside)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
