U.S. spot Ether ETFs see $160.9M outflows, extending a 7-day withdrawal streak
U.S. spot Ether (ETH) exchange-traded funds experienced $160.9 million in net outflows on October 7, marking the seventh consecutive day of withdrawals. The outflow on October 7 was smaller than the $201.9 million recorded the previous day. Over the past five trading days, combined net outflows totaled $506.4 million. BlackRock's iShares Ethereum Trust led the withdrawals with $116.1 million outflow. This continued decline highlights ongoing investor caution despite a cumulative net inflow of $13.417 billion since the launch of these ETFs.
U.S. spot Ether (ETH) exchange-traded funds experienced $160.9 million in net outflows on October 7, marking the seventh consecutive day of withdrawals. The outflow on October 7 was smaller than the $201.9 million recorded the previous day. Over the past five trading days, combined net outflows totaled $506.4 million. BlackRock's iShares Ethereum Trust led the withdrawals with $116.1 million outflow. This continued decline highlights ongoing investor caution despite a cumulative net inflow of $13.417 billion since the launch of these ETFs.
What's Your Reaction?
