Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone.
The withdrawals followed a record-setting August when spot ether ETFs pulled in $3.87 billion even as bitcoin ETFs saw $751 million in net outflows, according to SoSoValue data.
Friday accounted for the sharpest decline, with $446.71 million leaving these ETH-linked funds. Spot bitcoin ETFs, in contrast, posted $246.4 million in net inflows over the past week. The contrast is notable, as funds investing in the flagship cryptocurrency saw $751.1 million in net outflows last month.
Ether has climbed more than 16% over the past month, though it slipped 1.8% in the last week now trading just below $4,300. The cryptocu