Rewards Hub Ethereum ETFs have witnessed significant outflows totaling $853.9 million over the past two weeks, according to Farside Investors. Despite a $84.6 million inflow on December 22, the trend of outflows continues, with BlackRock’s ETHA leading the withdrawals, indicating potential institutional caution. Ethereum is currently trading near $2,964, raising concerns about the sustainability of the $2,500 support level.
In parallel, Bitcoin ETFs have also experienced substantial outflows amounting to $1.538 billion, with Bitcoin trading at $88,514.79. Both Ethereum and Bitcoin show a Relative Strength Index (RSI) below 50, although there are early signs of a potential reversal in the market.
Ethereum ETFs Experience $853M Outflows, Threatening $2,500 Support
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