Ether ETFs See $505M Outflows Over Four Days Amid Price Weakness
Ether exchange-traded funds (ETFs) have recorded four straight days of outflows, signaling a cooling of investor enthusiasm following a period of strong inflows in August.
According to data from Farside Investors, spot ether ETFs lost a total of $505.4 million over the past four trading sessions. During the same timeframe, bitcoin ETFs saw inflows of $283.7 million, highlighting a notable divergence in investor sentiment between the two largest cryptocurrencies.
The decline in ether ETF holdings comes after a record August, when these funds attracted more than $4 billion in inflows—far surpassing bitcoin’s $629 million. Ether’s price dropped to $4,209 on Monday, its lowest level since mid-August, which appears to have triggered the ETF outflows.
Analysts suggest that investors are moving to the sidelines rather than buying the dip, reflecting either short-term caution or a reluctance to hold amid potential further declines in ETH.
About The Author
More Stories
DOGE drops to $0.18 amid long-term holder exits and a looming death-cross price pattern.
Asia Markets: Cautious Calm Settles Over Bitcoin as Risk Positions Rebuild
“Analyst Dubs It ‘Bitcoin’s Silent IPO’ While Dissecting Market Stagnation in Viral Essay”