Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscale’s ETHE fund.Bitcoin experienced massive outflows of $400 million, marking the first time in five weeks of inflows. On the other hand, short-Bitcoin saw its first notable inflows since June, amounting to $1.
Last week, ETP recorded trading volumes of $14.8 billion, making up only 25% of the total market, which is below the average. Additionally, a price correction from Friday’s close led to a $10 billion decrease in total ETP assets under management.
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