Lower investor interest in ETH ETF offerings

🍀🍀Another factor that has added fuel to the burning concerns of investors is the lackluster performance of Ether ETFs. Evidencing this is data from Farside investors that indicates that net outflows hit 6% million in the month of October, while its counterpart Bitcoin ETFs saw net inflows of $810 million in the same period. 

🚀🚀Another significant factor affecting Ether’s performance is the decline in its supply burn rate. Ethereum’s network upgrades, particularly the implementation of EIP-4844, have led to increased adoption of lower-fee layer-2 scaling solutions. While this has improved network efficiency, it has also reduced the rate at which Ether is burned, contributing to the underperformance of the asset.

⛓️‍💥⛓️‍💥Meanwhile, at the time of writing, ETH is swapping hands with $2,634.27 marking a 1.10% surge in the last 24 hours. 

$ETH

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