Ethereum ETH0.82%-> is one of the major assets that has recorded deeper losses than Bitcoin. In the past 24 hours, the price of ETH fell by more than 5%, triggered by the outflow of funds from spot Ethereum ETFs. Notably, the Ethereum ETF experienced net outflows of USD 42.37 million on December 11 and USD 19.41 million on December 12, or a total equivalent of Rp1.026 trillion.
The pressure from these ETFs adds to the burden on Ethereum amid unfavorable market conditions. The outflow of funds indicates a wait-and-see attitude from institutional investors towards ETH’s short-term prospects. As a result, Ethereum lags behind Bitcoin, which is able to maintain a more stable price structure.
ETH
3,049.27
-2.07%
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