💥 Ethereum ETF records a net withdrawal of $465M – BlackRock is leading the wave of capital outflow



After a strong net inflow for 20 consecutive days, US spot ETH ETFs unexpectedly reversed with a record outflow of $465 million on Monday. BlackRock's ETHA fund was the most affected, losing $375M – indicating profit-taking sentiment after the growth in July.

🔻 ETH once dropped 12% to $3,380 but quickly recovered to $3,629.

🐳 On-chain data shows that institutions are still accumulating: 3 large wallets have purchased over 63,800 ETH (~$236M) through OTC transactions with FalconX & Galaxy Digital.

⚖️ Short-term capital is exiting, but long-term demand remains strong.
#ETH #ETF #Crypto #BlackRock #OnChain
ETH-1,37%
HAI5,42%
CHO3,06%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin