Markets· ★★★· bearish·

Spot Ether ETFs see $69.7M outflow, third straight day of redemptions

  • —$69.68M left spot Ether ETFs in a single day, all from BlackRock's ETHA
  • —Outflows have now stretched to three consecutive trading days
  • —Total Ether ETF net assets stand at $14.95B, 5.07% of ETH market cap
  • —ETHA's cumulative inflows remain at $12.49B
Why it matters: A third straight day of Ether ETF outflows points to weakening institutional demand for ETH as the broader market sells off.
#ETH
Source: PANews
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