Ether Trails Bitcoin as Supply Fears, Memecoins Spook Investors
- ETFs for the token have seen eight straight days of outflows
- Buyers are concerned about an uptick in Ether’s total supply
This article is for subscribers only.
Ether continues to lag behind leading cryptocurrency Bitcoin as recently-debuted exchange-traded funds fail to kindle greater demand for the second-ranked token.
The spot-Ether ETFs launched in July have suffered eight consecutive days of net outflows totaling nearly $112 million, their longest losing streak so far, according to data compiled by Bloomberg.