Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows
Ethereum’s institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively without yet breaking the broader price structure. US spot ETH exchange-traded funds recorded $50.76 million of net outflows on Oct. 5, extending their losing streak to five consecutive sessions, according to SoSoValue data. The products have shed $205.88 million […] The post Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows appeared first on CryptoSlate.
Key Takeaways
- Ethereum’s institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively without yet breaking the broader price structure.
- US spot ETH exchange-traded funds recorded $50.76 million of net outflows on Oct.
- 5, extending their losing streak to five consecutive sessions, according to SoSoValue data.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
OKX Money Launches Stablecoin Savings And Cards In Standalone App
TL;DR OKX has launched OKX Money, a standalone app focused on saving, sending and spending dollar-backed stablecoins. The app combines eligible yield features with virtual and physical cards in supported markets. OKX is targeting users who want dollar access…
Ondo Opens 24/7 Onchain Exposure To Private Companies
TL;DR Ondo Finance has introduced Ondo Private Markets, a platform for tokenized exposure to private companies before they list publicly. The first market is tied to a pre-IPO AI company, with more sectors planned. The products are aimed at eligible investors…
Fairshake Backs 32 House Candidates As Crypto Election Spending Ramps Up
TL;DR Fairshake has named 32 U.S. House candidates it plans to support ahead of the November midterms. Six races are receiving $1 million in outside spending each, for an initial disclosed commitment of $6 million. The slate is bipartisan, with 19 Republicans…