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Ether ETFs Experience $796M in Outflows, Marking a Straight Week of Declines Amid 10% Price Drop
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Ether ETFs see $796M in outflows amid a 10% price drop, marking a week of declines as retail participation weakens.
Spot Ether exchange-traded funds (ETFs) have seen five consecutive days of net outflows, totaling $795.8 million for the week.
Continued Outflows for Spot Ether ETFsUS-based spot Ether ETFs experienced a dramatic $248.4 million in outflows on Friday alone, bringing total weekly outflows to $795.8 million according to Farside data.
Retail Participation Declines Amid Price DropRecent data from Binance shows that net taker volume for Ether has remained negative, signaling weak retail participation.
This ongoing sell-side pressure from retail investors may be contributing to the recent price drops and continued outflows from spot Ether ETFs.