U.S. Spot Ethereum ETFs Lose $542 Million as ETH Falls Below $2,500

U.S. spot Ethereum ETFs recorded $542.2 million in net outflows during the five trading sessions ended Oct. 9, as Ether (ETH) closed below $2,500 and withdrawals reached a ninth consecutive day. The outflows totaled $50.8 million on Oct. 5, $201.9 million on Oct. 6, $160.9 million on Oct. 7, $72.5 million on Oct. 8 and $56.1 million on Oct. 9. BlackRock’s iShares Ethereum Trust, identified by the ticker ETHA, accounted for $477.1 million of the weekly withdrawals. ETHA recorded outflows on each of the five sessions, including $201.9 million on Oct. 6. Ether closed at $2,487.81 on Oct.

Also reported by CoinTurk News.

Source: TokenPost