Spot Ethereum ETFs see third straight day of outflows: $39.2M in a day
- —Net outflow from Ethereum ETFs for the day was $39.24 million, the third straight day
- —BlackRock's ETHA saw $42.86 million in outflows, cumulative inflows at $12.84 billion
- —FETH attracted $1.83 million, ETHV — $1.79 million
- —Total ETF assets — $15.42 billion, 5.15% of ETH market cap
Why it matters: Continued outflows from ETH ETFs signal weak institutional demand for Ethereum amid market pressure.
Source: PANews