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News Explorer — Ethereum Funds See $120 Million Withdrawals as Investors Prepare for Spot ETFs

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Jul 2, 7:12 am
Coindesk

Ethereum Funds See $120 Million Withdrawals as Investors Prepare for Spot ETFs

In the past two weeks, professional investors have withdrawn over $120 million from ether (ETH)-tracked exchange-traded products, marking the highest net outflows since August 2022. However, multiasset and bitcoin (BTC) ETPs have seen inflows of $18 million and $10 million, respectively, indicating a potential shift in sentiment. Ether ETFs are awaiting approval from the SEC before they can be traded in the U.S., with expectations of significant demand from independent investment advisers and broker/dealer platforms.

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