Ethereum ETFs Log Their Worst Month for Flows Since 2024 Launch
US spot Ethereum (ETH) exchange-traded funds (ETFs) lost $1.61 billion in October. That was their largest monthly outflow since launching in July 2024. The exits ended a 3-month inflow run and coincided with a 16.1% drop in ETH. That marked its weakest October since 2016, per CryptoRank. Five Straight Losing Weeks Broke Ethereum’s 3-Month Inflow The post Ethereum ETFs Log Their Worst Month for Flows Since 2024 Launch appeared first on BeInCrypto.
Key Takeaways
- US spot Ethereum (ETH) exchange-traded funds (ETFs) lost $1.61 billion in October.
- That was their largest monthly outflow since launching in July 2024.
- The exits ended a 3-month inflow run and coincided with a 16.1% drop in ETH.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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