Aug. 25 at 11:26 AM
Ether ETFs log first week of outflows since May
Ether ETFs posted
$341 million in inflows Friday and its second day in a row of positive flows, according to SoSoValue, led by Fidelity’s
$FETH fund. Meanwhile, bitcoin ETFs saw their sixth consecutive day of net outflows — primarily from BlackRock’s popular
$IBIT fund, while others saw minor inflows.
For the week ending Aug. 22, the ether posted
$237 million in net ouflows, which was its first week of negative flows since May 9. Bitcoin ETFs saw more than
$1 billion in net outflows in the same week.
The price of ether
is pulling back to start the week, after hitting a fresh record of almost
$5,000 over the weekend. It was last lower by 6% at under
$4,600, according to Coin Metrics.
$ETH.X
