Ethereum ETFs See Biggest Outflow in 3 Weeks as Demand Stays Under Pressure
US spot Ethereum (ETH) exchange-traded funds (ETFs) saw $201.9 million in outflows on October 6, the largest daily outflow since mid-September. It marked their sixth straight day of withdrawals, while Bitcoin (BTC) funds took in $118.9 million. ETH’s price held steady for most of that streak. However, as demand weakens, how long can the altcoin The post Ethereum ETFs See Biggest Outflow in 3 Weeks as Demand Stays Under Pressure appeared first on BeInCrypto.
Key Takeaways
- US spot Ethereum (ETH) exchange-traded funds (ETFs) saw $201.9 million in outflows on October 6, the largest daily outflow since mid-September.
- It marked their sixth straight day of withdrawals, while Bitcoin (BTC) funds took in $118.9 million.
- ETH’s price held steady for most of that streak.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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