Spot Ether ETFs faced nearly $200 million in outflows on Monday amid growing unstaking and shifting investor interest from Bitcoin to ETH.
Spot Ether funds started a new week with a major sell-off, posting nearly $200 million in outflows on Monday and extending a trend that started last week.
Spot Ether (ETH) exchange-traded funds (ETFs) saw $196.7 million of outflows on Monday, marking their second-largest daily outflows since launching. Monday’s outflows were only topped by $465 million in outflows on Aug. 4, according to SoSoValue.
The latest outflows followed Friday’s $59 million in losses, bringing the two-day total to $256 million.
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