Ether ETFs See $796M Outflow in Price Drop

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The five straight days of spot Ether ETF outflows come amid recent data suggesting weakening retail participation in the asset.

US-based spot Ether exchange-traded funds (ETF) have posted five straight net outflow days as the asset’s price slid around 10% over the week.

On Friday, spot Ether ETFs closed the trading week with $248.4 million in daily outflows, bringing total weekly outflows to $795.8 million, according to Farside data.

Meanwhile, the price of Ether fell 10.25% over the past seven days, trading at $4,013 at the time of publication.

The last time spot Ether ETFs recorded five consecutive days of outflows was the week ending Sept. 5, when the asset’s price was trading around $4,300.

Staking anticipation lingers for spot Ether ETFs
Crypto analyst Bitbull said the Ether ETF outflow streak “is a sign of capitulation as the panic selling has been so high.”


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