Ethereum ETFs see $70.62M outflows, ending 5-day inflow streak; weekly inflows still positive at $103.9M.
Ethereum ETFs experienced $70.62 million in net outflows on Friday, ending a five-day streak of capital inflows that totaled $211.25 million. Despite this reversal, the weekly net inflows remained positive at $103.9 million, marking the third consecutive week of gains. Ethereum's price closed at $1,837, trading below its average acquisition cost of $2,304, which typically reduces selling pressure. Market indicators suggest Ethereum may be forming a price bottom, but key metrics have yet to confirm a strong upward trend, with the ETH/BTC ratio at its lowest since last August.
Ethereum ETFs experienced $70.62 million in net outflows on Friday, ending a five-day streak of capital inflows that totaled $211.25 million. Despite this reversal, the weekly net inflows remained positive at $103.9 million, marking the third consecutive week of gains. Ethereum's price closed at $1,837, trading below its average acquisition cost of $2,304, which typically reduces selling pressure. Market indicators suggest Ethereum may be forming a price bottom, but key metrics have yet to confirm a strong upward trend, with the ETH/BTC ratio at its lowest since last August.
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