Ethereum spot ETF sees net outflows for eight consecutive trading days as price hits bottom

Funds have been flowing out of the Ethereum spot ETF for eight consecutive trading days. Ethereum has also fallen by more than 30% from the previous month, with some analysts saying the price has bottomed out.
According to the crypto asset ETF data platform Fiside Investor, the Ethereum spot ETF was listed on the 14th (local time).
A total of $46.9 million (approximately 6.9 billion yen) was withdrawn from F. This marks the eighth consecutive trading day of net outflows since the 5th (local time).
The price of Ethereum also fell. As of 8:17 a.m. on the 17th, according to CoinMarketCap,
The price of Ethereum overseas is trading at $1,881, down 3.02% from the same time the previous day. Compared to a month ago, it is down about 31%.
Glassnode, an on-chain crypto asset analysis company, said, "Increased investors bought Ethereum when it was at $1,886."
"This suggests that the market may have bottomed out in the short term," he said.