Ethereum ETFs Experienced $184 Million Outflow
Ethereum exchange-traded funds (ETFs) extended their four-day losing streak on Thursday, experiencing outflows of approximately $184 million; this indicates that geopolitical uncertainties in the Middle East are dominating despite record highs in US stocks. Bitcoin ETFs also remained weak with net outflows of $476 million over the same period, but saw inflows of $14.76 million on Thursday. These flows signal that risk appetite in the crypto market is diverging from traditional markets. Ethereums spot price rose 2.2% to $2.313 during the same period; sales from funds did not translate into direct market weakness. The current ETH price is at the $2.297,92 level, trading with a 1.50% increase in the last 24 hours. $184 Million Four-Day Outflow in Ethereum ETFs Outflows accelerated on April 29; Ethereum ETFs experienced the largest daily net outflow of $87.7 million that day, the highest level seen since March. According to SoSoValue data, Ethereum ETFs cumulative flows fell to $11.9 billion; this is the first time it has dropped this much since the mid-January peak of $12.9 billion. This reflects investors focusing on macro risks while conducting ETH detailed analysis. Bitcoin ETFs Show Weak Performance with $476 Million Net Outflow Bitcoin ETFs also experienced their heaviest outflow of $263 million