Ethereum joins Bitcoin in recording third-largest weekly ETF outflow at $508M
Crypto Briefing
Ethereum ETFs saw $508 million in outflows, marking the third-largest weekly redemption alongside significant Bitcoin ETF withdrawals.Summary
Ethereum exchange-traded funds (ETFs) recorded nearly $508 million in net outflows this week, representing the third-largest weekly redemption since their launch. This significant capital movement occurred concurrently with substantial investor withdrawals from spot Bitcoin ETFs. Analysts suggest these parallel outflows from both major digital asset ETFs signal short-term institutional caution and a risk-off sentiment among larger investors amid broader market uncertainty. These movements may also indicate profit-taking following earlier periods of strong capital inflows into these regulated investment vehicles.
(Source：Crypto Briefing)