US Ether ETFs Suffer Longest Outflow Streak as Token Lags Rivals
- The Ethereum blockchain faces questions over its direction
- Funds tracking the Ether token suffered 13 days of outflows
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US exchange-traded funds investing directly in Ether have been hit by their longest run of daily withdrawals since launching in July 2024, underscoring shaky demand for the second-largest cryptocurrency.
The group of nine ETFs have shed about $415 million across 13 straight days of net outflows, according to data compiled by Bloomberg. Bitcoin ETFs in the US, by contrast, have rebounded from a period of waning investor demand to post six consecutive days of net inflows up until March 21.