What is behind the latest trend of outflows in Ethereum exchange-traded funds?
On October 31, U.S. Ethereum exchange-traded funds recorded a net outflow of $97.76 million, equivalent to approximately 139.8 billion Korean won. This marks the third consecutive day that money has flowed out of these funds more than it has flowed in, according to data compiled by TraderT. This ongoing external flow often indicates a cautious approach by investors or a period of profit-taking.
Several prominent funds have contributed to this important movement:
BlackRock's ETHA fund: Led outflows of $38.19 mill
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