Markets· ★★★· bearish·

Ethereum slips below $2,300 as spot ETH ETFs bleed $276.4M over five sessions

  • —Coinbase ETH/USD hit an intraday low of $2,290 on Oct. 29, trading near $2,312 early Oct. 30
  • —Spot ETH ETFs lost $276.4 million net from Oct. 22-28, with a single $4.4 million inflow on Oct. 23
  • —Largest daily outflows were $110.6 million on Oct. 22 and $88.6 million on Oct. 26
  • —The Fed held rates at 3.75%-4.00% on Oct. 28, with two members favoring a hike
Why it matters: Sustained ETF outflows and hawkish dissents at the Fed keep pressure on Ethereum and cap any price recovery.
#ETH
Source: TokenPost
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