Ethereum ETFs Lose $320 Million In A Week As Bitcoin Outflows Slow
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TL;DR: US spot Ethereum ETFs lost $320.1 million in the week ending October 16, more than the $228.4 million withdrawn from Bitcoin funds. BlackRock’s ETHA accounted for nearly all of the Ether redemptions. Ethereum investment funds have ended another difficult week on the wrong side of the ledger. US spot Ether ETFs recorded $320.1 million in net withdrawals between October 12 and 16, while comparable Bitcoin products lost $228.4 million, according to Farside Investors. The difference is striking, but it needs some context. Ether funds were not suffering their worst week on record. They lost roughly $542 million in the preceding five sessions. What changed most visibly this week was the pace of Bitcoin redemptions, which slowed enough to put Ethereum ahead in the outflow rankings.
First reported by NewsBTC. This page is a short excerpt; the full text is theirs.
