The outflow comes despite a broader crypto market rally fueled by recent Federal Reserve rate cuts that helped lift ether prices by 11% over the past week.
- Ether ETFs experienced the largest outflows since July, with over $79 million exiting on Monday.
- The outflows were predominantly from Grayscale’s Ethereum Trust (ETHE), while Bitwise's ETHW saw minor inflows, highlighting the strength of Grayscale's influence on market dynamics.
- Despite an 11% rise in ether due to favorable macroeconomic conditions like Fed rate cuts, the ETF outflows indicate a disconnect between prices and investor sentiment toward ether's future.
- Ether may not resonate with traditional finance investors as much as bitcoin's "digital gold" narrative, some observers say.
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