🚨 ETH ETFs JUST LOGGED THEIR WORST WEEK SINCE JANUARY 🩸
US spot Ether ETFs have now bled for nine straight days, with $542.1M pulled last week alone and BlackRock's ETHA accounting for most of it. Bitcoin ETFs were not spared either, losing $681M in the same stretch as institutions kept trimming exposure.
And yet $ETH is still holding just above $2,500 at $2,505, up 0.45% in 24h, while $BTC sits flat near $83,149. Fear & Greed slipped to 61 (Greed) from 64, so retail is not panicking, institutions are just quietly heading for the exit.
That split is the whole story right now. If ETF outflows slow, this looks like a shakeout above support. If a tenth day prints red, does $2,500 actually hold?
Not financial advice. DYOR.
#Ethereum #crypto
US spot Ether ETFs have now bled for nine straight days, with $542.1M pulled last week alone and BlackRock's ETHA accounting for most of it. Bitcoin ETFs were not spared either, losing $681M in the same stretch as institutions kept trimming exposure.
And yet $ETH is still holding just above $2,500 at $2,505, up 0.45% in 24h, while $BTC sits flat near $83,149. Fear & Greed slipped to 61 (Greed) from 64, so retail is not panicking, institutions are just quietly heading for the exit.
That split is the whole story right now. If ETF outflows slow, this looks like a shakeout above support. If a tenth day prints red, does $2,500 actually hold?
Not financial advice. DYOR.
#Ethereum #crypto