Huo Xing Finance reports that on-chain data analytics platform Glassnode stated: ETF investors are withdrawing from Ethereum. U.S. spot ETH ETFs have recorded net outflows for 23 consecutive trading days—the longest continuous outflow period since the product’s launch. Glassnode noted that this indicates weaker demand from traditional investors, as substantial inflows had occurred in August and September. This statement comes from a Glassnode post published on October 31, accompanied by relevant charts.
U.S. Spot ETH ETF Records 23 Consecutive Days of Net Outflows
MarsBitShare
Summary
U.S. spot ETH ETFs have experienced outflows for 23 consecutive trading days—the longest such streak since their launch—according to Glassnode. The on-chain analytics firm noted that the inflow/outflow pattern indicates weak demand from traditional investors, marking a shift from the strong buying activity seen in August and September. The report was published on October 31, accompanied by supporting charts.
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