#etheretfsextendoutflowstoninedays
đš ETHEREUM ETFs JUST HIT 9 STRAIGHT DAYS OF OUTFLOWS â NEARLY $700 MILLION GONE.
U.S. spot Ethereum ETFs have recorded nine consecutive trading days of net outflows, with approximately $697.2 million withdrawn since September 29.
The pressure is adding to concerns about institutional demand for $ETH .
Key numbers:
đ $542.1 million flowed out of Ethereum ETFs last week â their worst weekly result since January.
đ° $56.1 million left the funds on October 9 alone.
â ïž BlackRockâs ETHA accounted for most of the recent withdrawals, making institutional fund flows a key metric to watch.
However, outflows do not automatically mean institutions have abandoned Ethereum, and they do not guarantee another price drop.
With $ETH trading around the $2,500 area, sustained ETF outflows could keep market sentiment under pressure.
#Ethereum #ETH #bitcoin #etf
đš ETHEREUM ETFs JUST HIT 9 STRAIGHT DAYS OF OUTFLOWS â NEARLY $700 MILLION GONE.
U.S. spot Ethereum ETFs have recorded nine consecutive trading days of net outflows, with approximately $697.2 million withdrawn since September 29.
The pressure is adding to concerns about institutional demand for $ETH .
Key numbers:
đ $542.1 million flowed out of Ethereum ETFs last week â their worst weekly result since January.
đ° $56.1 million left the funds on October 9 alone.
â ïž BlackRockâs ETHA accounted for most of the recent withdrawals, making institutional fund flows a key metric to watch.
However, outflows do not automatically mean institutions have abandoned Ethereum, and they do not guarantee another price drop.
With $ETH trading around the $2,500 area, sustained ETF outflows could keep market sentiment under pressure.
#Ethereum #ETH #bitcoin #etf