$365 million
Ethereum spot ETFs saw another week of outflows
November 2–6, U.S. Eastern Time
According to SoSoValue, net outflows were about $365 million
Marking six consecutive weeks of outflows
BlackRock’s ETHA alone saw about $346 million in outflows
While Fidelity’s FETH actually had net inflows of over $15 million
It wasn’t a mass exodus
It was large holders rotating positions
Total net assets were about $12.8 billion
Around $2 billion has been pulled out over the past six weeks
The price has softened along with it
That doesn’t mean the project is dead
It means Wall Street is trimming positions first
$ETH $BTC
#Ethereum spot ETFs see $365 million in weekly net outflows #以太坊 #Bitcoin
Ethereum spot ETFs saw another week of outflows
November 2–6, U.S. Eastern Time
According to SoSoValue, net outflows were about $365 million
Marking six consecutive weeks of outflows
BlackRock’s ETHA alone saw about $346 million in outflows
While Fidelity’s FETH actually had net inflows of over $15 million
It wasn’t a mass exodus
It was large holders rotating positions
Total net assets were about $12.8 billion
Around $2 billion has been pulled out over the past six weeks
The price has softened along with it
That doesn’t mean the project is dead
It means Wall Street is trimming positions first
$ETH $BTC
#Ethereum spot ETFs see $365 million in weekly net outflows #以太坊 #Bitcoin
