Spot Ether ETFs Record First Outflow of the Week amid Stagnant Market
Amid the broader crypto market’s slowness, US spot Ether ETFs recorded an outflow of $39.21 million on Thursday.
US Spot Ether ETFs See $152M in Outflows amid ETH Price Volatility
Meanwhile, the 11 spot Bitcoin ETFs in the US have continued to see rising demand. Since their launch in January, these funds have accumulated a net inflow of $17.54 billion.
Gemini Predicts $5B Inflows for Ether Spot ETFs in First 6 Months
According to the Gemini report, if the Ether/Bitcoin ratio returns to its median value from the past three years, Ether could see a rally of almost 20% to 0.067.
Analyst Predicts that Ether ETFs Could Bite 20% Out of Bitcoin ETF Flows
The analyst believes that fund managers will now be seeking to reallocate resources.