The US-based spot Ethereum ETFs (exchange-traded funds) have registered a second consecutive week of capital outflows. This negative trend comes on the back of what has been a disappointing price performance by the second-largest cryptocurrency in October. Following months of significant capital influx, the Ethereum ETFs seem to be in a cool-off period, with a shift in investor sentiment also seemingly in play.

US Ethereum ETFs Post $93.6 Million Outflow

According to the latest market data , the US Ethereum ETF market registered a daily total net outflow of $93.6 million on Friday, October 24. This negative closing performance marked the third straight day of outflows for the crypto-linked investment products.

Interestingly, BlackRock’s iShares Ethereum Trust (with the ticker ETHA)

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