Drying investments trigger longest outflow streak for Ethereum ETFs

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Spot Ether ETFs in the US face significant outflows, unlike Bitcoin ETFs, which continue to attract investments.

United States-based spot Ether exchange-traded funds (ETFs) have recorded five straight days of outflows, their longest period of continuous outflows since they launched on July 23.

Most of the investments made by the recently approved nine spot Ether ETFs have been overshadowed by outflows from the Grayscale Ethereum Trust (ETHE), which have exceeded over $2.5 billion as of Aug. 21.


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