Ether ETFs Experience $505 Million Outflows Over Four Days
Ether exchange-traded funds (ETFs) have experienced four consecutive days of outflows, totaling $505.4 million. This follows a strong month where ether ETFs outperformed bitcoin ETFs with over $4 billion in inflows.
- Bitcoin ETFs saw inflows of $283.7 million during the same period.
- Ether's price dropped to $4,209, its lowest since mid-August.
- Investor behavior indicates a tendency to avoid buying during price declines, reflecting potential loss of confidence.
- The divergence in capital flows suggests waning enthusiasm for ether compared to bitcoin.
- Future flows may improve if ether’s price stabilizes or increases.