US Spot Ethereum ETFs Post Record $19.9B Single-Day Outflow, Led by BlackRock's ETHA
- —US spot Ethereum ETFs recorded $19.92 billion in net outflows on October 5, a record for a single session
- —BlackRock's ETHA fund led the withdrawals
- —ETH changed hands near $2,695, down 0.6% in 24 hours
Why it matters: The record outflow points to weak institutional demand for ETH and could add further pressure on its price.
Source: Coinotag