Ethereum Spot ETFs Record $3.3M Net Outflow in One Day

In Brief:

U.S. Ethereum spot ETFs saw a $3.3 million net outflow on April 9.

This follows recent market volatility and declining ETH prices.

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According to Farside monitoring data, Ethereum spot ETFs in the United States recorded a net outflow of $3.3 million on April 9. The move reflects cautious investor sentiment amid sharp declines across the broader crypto market.

The outflow comes as ETH struggles to maintain support, having dropped nearly 10% in the past 24 hours, temporarily falling below the $1,400 mark for the first time since March 2023.

The Ethereum ETF segment has seen moderate activity since launch but remains sensitive to macroeconomic pressure and sector-wide downturns. Analysts note that continued outflows could suggest waning institutional confidence in ETH exposure during this correction phase.

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