Ether Slides in Bitcoin’s Shadow as Investors Pull Out in Droves

Bitcoin’s pummeling may be dominating headlines, but the second-largest cryptocurrency has also been suffering amid a protracted market downturn.

Investors have pulled $3.3 billion from US exchange-traded funds for Ether since an early October crash, with more than $500 million yanked this year, according to data compiled by Bloomberg Intelligence. Ether ETF assets now sit below $13 billion, the lowest since July, the data show.