Ethereum ETFs Record First Outflows in 18 Days

December 20, 2024

Ethereum spot ETFs recorded net outflows of $60.47 million, marking the first outflows in 18 days of continuous inflows into the cryptocurrency.

These inflows indicate growing caution among investors in the second-largest cryptocurrency by market cap, at a time when the cryptocurrency market is experiencing waves of volatility. In light of these volatility, market participants continue to monitor key support levels and macroeconomic developments that may influence future trends.

These outflows reflect a decline in investor sentiment, suggesting that caution will remain the dominant feature of the markets in the near term, as investors weigh the impact of macroeconomic factors and the potential for further price declines. Read also:

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