🚨ALERT: Ethereum ETF Outflows Hit Record High!
After a month of record-breaking success, US spot Ether ETFs saw their largest-ever daily outflow of $465 million on Monday. This marks a significant shift in investor sentiment and brings an end to their incredible 20 day inflow streak.
BlackRock's iShares Ethereum Trust (ETHA) took the biggest hit, seeing nearly $375 million in net outflows. However, this pullback coincides with a dip in ETH’s price, and here's where it gets interesting.
While some are taking profits through ETFs, smart money is still accumulating the asset. Blockchain data shows institutional demand remains strong with some wallets acquiring a combined 63,837 ETH, worth about $236 million, in a single day. This could be a healthy consolidation before the next major move up! #Ethereum #ETH #BlackRock #EthereumSpotETFs #EthereumETF