Ethereum ETFs Experience 12-Day Outflow as Bitcoin Funds Recover
- Spot Ethereum exchange-traded funds lost $370 million over the past 12 trading days.
- Ethereum’s price fell from $2,200 to approximately $1,950 since March 5.
- Spot Bitcoin ETFs attracted $660 million this week.
- The amount of Ethereum staked increased by 0.5% to reach 33.8 million ETH.
- BlackRock’s spot Ethereum ETF accumulated $587 million since its launch last July.
The recent outflows from spot Ethereum ETFs coincide with a decline in Ethereum’s price and a rise in staked Ethereum, while spot Bitcoin ETFs have seen an influx of $660 million this week.
Source (2.6)https://decrypt.co/311122/ethereum-etf-outflows-extend-to-12-days-as-bitcoin-funds-recover?rand=52368
