💥 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
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💥 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