Ether ETFs Lose $505M in Four Days as Investor Caution Grows
Ether exchange-traded funds (ETFs) have experienced four consecutive days of outflows, reversing a month of strong gains and highlighting waning investor sentiment.
Spot ether ETFs shed a total of $505.4 million over the past four trading sessions, according to Farside Investors, while bitcoin ETFs simultaneously saw inflows of $283.7 million. The divergence underscores differing market confidence between the two largest cryptocurrencies.
The outflows follow a robust August for ether ETFs, which accumulated more than $4 billion in new investments compared with $629 million for bitcoin funds. Ether’s price has pulled back to $4,209 as of Monday, the lowest since mid-August, prompting investors to reduce exposure through ETF holdings.
Market observers suggest the trend reflects caution among short-term traders, who are hesitant to hold through potential further price declines.
