Ethereum ETFs in the US face significant outflows, contrasting Bitcoin ETFs, which continue to attract investments.
The spot Ether (ETH) exchange-traded funds (ETFs) of the United States have cumulatively lost investments for five straight days, recording its longest outflow within one month since their launch on July 23.
Most of the investments made by the recently approved nine Ethereum ETFs have been overshadowed by the Grayscale Ethereum Trust (ETHE) outflows, which exceeded over $2.5 billion as of Aug. 21.
Investments from ETHE have been offloaded daily, except on Aug. 12, when the Grayscale fund reported no net change in numbers, according to Farside Investors data.
