Ether ETFs log straight week of outflows, $796M pulled as price drops 10% 📉
Ether ETFs have experienced outflows for five consecutive days, with a notable withdrawal amount of $796 million. These outflows coincide with new data indicating a decrease in retail participation in Ether investments.
The price of Ether has also seen a significant drop of 10%, contributing to the overall trend of outflows from Ethereum-based investment products. Analysts suggest that this downturn could be linked to broader market reactions and investor sentiment toward cryptocurrencies.
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