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ethereum etfs hemorrhaging cash as investors panic sell amidst price dips below $4k, blackrock and fidelity funds hit hardest 💸📉
what the heck is happening with these ETH ETFs?? blackrock, fidelity, grayscale all seeing massive outflows 📉💸 is this the
ethereum ETFs experiencing massive outflows amidst network success: investors fleeing as prices dip below $4k, highlighting short-term market volatility and investor caution in
Main to remember:
🔹 Fidelity Ethereum Fund (FETH) had $362 million in outflows, followed by BlackRock’s ETHEREUM fund with over $200 million in outflows.
🔹 Ethereum traded at $3,990.17, down 0.58% daily and 10.78% weekly, showing short-term market volatility.
Ethereum (ETH) recent headlines highlighted increased network activity. Despite this, ETHEREUM ETFs saw historic outflows, totaling $795.6 million last week. BlackRock’s ETHA faced over $200 million in outflows, while Fidelity’s FETH had the largest outflows at $362 million. Grayscale Ethereum also experienced notable withdrawals, reflecting investor caution amidst Ethereum prices slipping below $4,000.
https://altcoin.observer/?p=46772
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