ETHEREUM ETFS RECORD OVER $600M IN OUTFLOWS — WARNING SIGNAL FOR TRADERS?
https://www.tradingview.com/x/LFHHWaJX/
✍️ The price of Ethereum has faced significant selling pressure due to institutional capital flowing out of the market, with over $600 million in outflows from US-based spot Ethereum ETFs.
👉 Over $600 million in capital flowed out of US-based spot Ethereum ETFs in the past week 👉 BlackRock's iShares Ethereum Trust (ETHA) saw $470 million in withdrawals 👉 Fidelity's Ethereum Fund (FETH) saw $35 million in withdrawals 👉 Grayscale's Ethereum ETF (ETHE) saw $49 million in withdrawals 👉 The lack of institutional demand could make it difficult for Ethereum to defend its immediate support levels
-- #CryptoOnchain #technology
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