Summary
- U.S. Ethereum spot ETFs reported a net outflow of $7.3 million.
- This net outflow has continued for 9 consecutive trading days.
- Standard Chartered has downgraded its year-end price target for Ethereum.
Yesterday, $7.3 million flowed out of U.S. Ethereum spot exchange-traded funds (ETFs).
According to Farside Investor on the 17th (local time), Ethereum spot ETFs experienced a net outflow of $7.3 million. This marks the 9th consecutive trading day of net outflows.
Only Grayscale's Ethereum spot ETF, ETHE, saw a net outflow of $7.3 million, while the remaining ETFs showed no change in inflow.
Meanwhile, Standard Chartered has previously lowered its year-end price target for Ethereum from $10,000 to $4,000.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
