Markets· ★★★· bearish·

US spot Ethereum ETFs post $21.4M net outflow, led by BlackRock's ETHA

  • —US spot ETH ETFs saw $21.4M in net outflows on Oct. 28
  • —Withdrawals have now run for three consecutive days since Oct. 26
  • —BlackRock's ETHA drove most of the outflow
Why it matters: A sustained run of outflows points to weak institutional demand for Ethereum and adds pressure on ETH price.
#ETH
Source: Coinotag
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