Spot Ether ETFs see outflows for second consecutive week amid ‘cooling demand’
Spot Bitcoin ETFs attracted $446 million in weekly inflows, signaling renewed institutional confidence in BTC as Ether funds faced a second straight week of outflows.
Spot Ethereum exchange-traded funds (ETFs) have logged two straight weeks of outflows amid cooling investor sentiment after months of strong inflows.
According to data from SoSoValue, Ether (ETH) products collectively posted $243.9 million in net redemptions for the week ending on Friday, following the previous week’s $311 million outflow.
The latest data brings cumulative inflows across all Ether spot ETFs to $14.35 billion, with total net assets standing at $26.39 billion, representing about 5.55% of Ethereum’s market cap.