Ethereum Spot ETF Sees $26.2 Million Outflow This Week, Negative News May Have Been Digested
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September 22, 2024
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Deribit's Lin Chen on ETH ETF Liquidity:
Lin Chen, Deribit's Asia Pacific Business Head, shared on X that ETH ETF liquidity remained weak this week. The total net outflow reached $26.2 million (with a reduction of 11,461.21 ETH).
ETHE continued to be the main selling force this week. While Grayscale's Mini ETF and BlackRock saw three increases in holdings, the rest of the ETF holdings remained unchanged.
However, the negative news has largely been absorbed, boosting market sentiment (the Fear and Greed Index rebounded to 52) and driving ETH prices to bounce back above $2,600.
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