ETHA just posted a $138M single-day outflow. Is ETH the weak link in the ETF story?
Per reports on Nov 2, US spot Bitcoin ETFs saw about $399M in net outflows, led by BlackRock's IBIT. Ethereum spot ETFs also bled, with ETHA the largest at $138M out.
$ETH is near $2,250, down about 3% on the week, while $BTC hovers around $76.8K.
My take: two straight days of heavy ETF selling looks like caution into the US midterms, not a verdict on the cycle. Flows can flip fast once the vote is behind us.
Do you expect ETF flows to turn positive this week, or stay red until volatility cools?
#ETH #BitcoinETF #CryptoNews Not financial advice.
Per reports on Nov 2, US spot Bitcoin ETFs saw about $399M in net outflows, led by BlackRock's IBIT. Ethereum spot ETFs also bled, with ETHA the largest at $138M out.
$ETH is near $2,250, down about 3% on the week, while $BTC hovers around $76.8K.
My take: two straight days of heavy ETF selling looks like caution into the US midterms, not a verdict on the cycle. Flows can flip fast once the vote is behind us.
Do you expect ETF flows to turn positive this week, or stay red until volatility cools?
#ETH #BitcoinETF #CryptoNews Not financial advice.