Markets· ★★★· bearish·

Spot Ethereum ETFs bleed $88.6M in a day as BlackRock's ETHA loses $105M

  • —Spot ETH ETFs saw $88.57 million in net outflows on October 26
  • —BlackRock's ETHA lost $105 million; cumulative inflows stand at $121.56 billion
  • —Fidelity's FETH attracted $16.13 million, cumulative inflows at $23.77 billion
  • —ETF net assets total $140.67 billion, equal to 4.99% of Ethereum's market cap
Why it matters: Sustained outflows from ETH funds add pressure on Ethereum, which is already trading near $2,300.
#ETH
Source: PANews
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