Ether ETFs log straight week of outflows, $796M pulled as price drops 10%
The five straight days of spot Ether ETF outflows come amid recent data suggesting weakening retail participation in the asset.
US-based spot Ether exchange-traded funds (ETF) have posted five straight net outflow days as the asset’s price slid around 10% over the week.
On Friday, spot Ether (ETH) ETFs closed the trading week with $248.4 million in daily outflows, bringing total weekly outflows to $795.8 million, according to Farside data.
Meanwhile, the price of Ether fell 10.25% over the past seven days, trading at $4,013 at the time of publication, according to CoinMarketCap data.
