Ethereum ETFs see third straight day of outflows; bitcoin above $77,000
- —Ethereum ETF outflows: $39 million for the day, $224 million on Wednesday and $141 million on Tuesday
- —Bitcoin ETF inflows totaled about $159 million
- —The Zcash fund attracted $47 million, over $230 million for the month
- —ZEC rose 10% to $1,488, BTC gained 1% to $77,216
Why it matters: Outflows from ETH funds even as the token's price rises show institutions are cutting exposure, while demand shifts toward BTC and ZEC.
Source: CoinDesk