Ethereum Stays Under Pressure as $560 Million ETF Outflows Weigh on Market
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- Crypto ETFs saw nearly $560 million in outflows, hitting Ethereum and Bitcoin hardest.
- BlackRock’s ETHA led selling, followed by Grayscale and Fidelity funds.
- Ethereum failed to hold above $3,300 and continues trading sideways.
Ethereum prices remained under pressure as a large sell-off in crypto exchange-traded funds weighed on the broader market, keeping both Ethereum and Bitcoin stuck in a narrow range below recent highs.
Data showed that crypto ETFs recorded about $560 million in outflows in a single day, with both Bitcoin and Ethereum products seeing heavy selling from large asset managers.
ETF Outflows Hit Ethereum and Bitcoin
Spot Ether ETFs recorded withdrawals of roughly $159.17 million, while Bitcoin ETFs sold about $398.95 million worth of holdings. Together, the outflows marked one of the largest single-day reductions in ETF exposure in recent …
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