Ethereum Plummets 12%! The Outflow of Spot ETF Funds Triggers Market Turmoil!
Ethereum's recent performance has been disappointing, with its price plummeting 12% in just one week. The market initially believed it could catch up with Bitcoin's strong rebound, but instead, it has fallen into a quagmire of capital outflows. On December 20, the spot ETH ETF recorded a net outflow of $75.11 million for the first time, marking the end of Ethereum ETF's inflow record—18 consecutive days of positive inflows were terminated.
BlackRock's ETHA fund experienced a withdrawal of $103.7 million, and although Fidelity's FETH fund recorded positive inflows against the trend, the overall outlook remains bearish. Investor interest in ETH has sharply declined, possibly related to the Federal Reserve's interest rate cuts and fluctuations in market confidence.
The slowdown of the spot ETF is a key factor in ETH's price correction! For Ethereum to recover its upward trend, a positive inflow momentum of the spot ETF is essential.
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