$ETH Ethereum ETFs Reverse Flow, Losing Nearly $225 Million Yesterday, BlackRock Unexpectedly Leads The Sell Off Wave
The Ethereum Spot ETF market just experienced a terrible trading day with simultaneous sell off pressure from major institutions in yesterday.
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🔸 Total Net Outflow for the day reached $224.94 million. This is one of the strongest withdrawal days in recent times.
🔸 The most notable point is that BlackRock ETHA fund usually the market support force was the biggest seller today. Recorded a massive net outflow of $139.26 million.
🔸 Grayscale (ETHE) continued to see outflows of $35.10 million. Even the lowfee Grayscale Mini (ETH) saw outflows of $20.18 million.
🔸 Fidelity (FETH), Bitwise (ETHW), VanEck (ETHV) all recorded negative flows.
🔸 BlackRock selling nearly
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