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Ethereum ETFs See Biggest Outflow in 3 Weeks as Demand Stays Under Pressure

Published Source: BeInCryptoRead original

Crypto Insight Summary: US spot Ethereum (ETH) exchange-traded funds (ETFs) saw $201.9 million in outflows on October 6, the largest daily outflow since mid-September.  It marked their sixth straight day of withdrawals, while Bitcoin (BTC) funds took in $118.9 million. ETH’s price held steady for most of that streak. However, as demand weakens, how long can the altcoin Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETF outflows signal short-term bearish sentiment for ETH.

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