Markets· ★★★· bearish·

US spot Ethereum ETFs see $60.2M net outflow, second straight day of redemptions

  • —Net outflow of $60.2M on Oct. 27 vs $88.5M a day earlier
  • —BlackRock ETHA lost $93.28M; Fidelity FETH drew $28.58M
  • —Total net assets stand at $14.18B, about 4.95% of ETH market cap
  • —Daily trading volume reached $392.3M
Why it matters: A second day of outflows led by ETHA points to weak institutional demand for ETH.
#ETH
Source: TokenPost
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