Markets· ★★★· bearish·

US spot Ethereum ETFs bleed for seventh straight day with $161M outflow

  • —US spot Ethereum ETFs saw $161 million in net outflows on October 7
  • —Outflows have now run for seven consecutive trading days
  • —BlackRock's ETHA lost $116 million; Grayscale's ETHE shed $25.8 million
  • —Net assets stand at $16.42 billion, equal to 5.22% of ETH's market cap
Why it matters: A sustained ETF outflow streak adds selling pressure on ETH and points to weakening institutional demand.
#ETH
Source: TokenPost
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