Markets· ★★★· bearish·

Spot Ethereum ETFs bleed $72.5M as outflow streak hits eight days

  • —Net outflows from Ethereum ETFs hit $72.54M on October 8
  • —BlackRock's ETHA shed $71.12M, total inflows at $12.85B
  • —Fidelity FETH added $5.5M, Morgan Stanley MSSE $1.32M
  • —ETF assets stand at $15.64B, or 5.17% of Ethereum's market cap
Why it matters: An eighth consecutive day of outflows adds pressure on ETH and points to weak institutional demand.
#ETH
Source: PANews
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