US spot Ethereum ETFs log $21.41 million net outflows
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
U.S. spot Ethereum ETFs recorded $21.41 million in net outflows on October 28, marking their third consecutive day of redemptions as BlackRock's ETHA logged $44.83 million in net withdrawals.
U.S. spot Ethereum (ETH) ETFs registered $21.41 million in net outflows on October 28, marking a third straight day of net withdrawals, crypto.news reported, citing SoSoValue data. BlackRock's iShares Ethereum Trust accounted for $44.83 million in redemptions, though positive flows into competing funds partially reduced total losses. The three-day outflow streak brought combined withdrawals since October 26 to about $170.21 million. Tradingkey.com reported that institutional demand faced pressure from an unfavorable rate environment, with Ethereum's staking returns trailing risk-free dollar Treasury yields.
Key facts
- $21.41M net outflows
- Third straight day of outflows
- $44.83M withdrawn from ETHA
- $170.21M out across three days
Read the original at crypto.news