Ether Falls 8.5% to $2,220 as U.S. Spot ETF Flows Turn Negative
Photo: TokenPost
Ether (ETH) fell 8.5% to $2,220, a steeper decline than Bitcoin (BTC), while U.S. spot Ether exchange-traded funds recorded $99.9 million in net outflows Thursday, Nov. 5. The withdrawals reversed the previous day’s $53 million net inflow. The shift from an inflow of $53 million to an outflow of $99.9 million represents a $152.9 million swing in daily net flows between the two sessions. The two readings show the change in sequence: Nov. 4 brought money into the funds, while Nov. 5 brought net withdrawals.
Also reported by The Defiant.
Source: TokenPost
