The US-based spot Ether Exchange-Traded Fund (ETF) posted four consecutive days of net outflows during the shortened weeks of trading due to US labor day.
The Week of the Flowers came after a strong August for the Ether Spot (Eth) ETFs, which recorded $ 3.87 billion in net inflows, while Bitcoin (Btc) ETFs posted $ 751 million in streams for the month, According to In the distance.
Only Friday saw ETFs of ether pouring $ 446.8 million, carrying total net outflows within four days to $ 787.6 million. Meanwhile, Bitcoin ETF recorded $ 250.3 million in net inflows at the same time.
Eye entrepreneurs bouncing on ETH’s flowers
Many participants in the crypto market hope that flowers will be taken as soon as possible. Crypto trader ted Says“I hope the flowers come back if Ethereum goes on this bomb.”
Ether has sank slightly over the past seven days, down 2.92%, trading at $ 4,301 at the time of publication, According to In coinmarketcap.
Generally, the sentiment in the crypto market is mixed -halong recently, with Crypto Fear & Greed Index Showing ‘neutral’ reading over the past two days.
Ether predictions remain high
Despite the recent -only flow, Ether advocates remain bullish.
On Wednesday, Bitmine Chairman Tom Lee His prophecy confirmed that ETH would reach $ 60,000 in the long -term time in Medici’s gifts: Level Up Podcast. Lee said Wall Street’s interest in ETH could be a “1971 moment,” which could push higher assets.
Related: Ether Exchange reserves fall to 3-year low as ETFs, corporate treasures soaked in supply
Bitmine, the largest ether treasury company, holds approximately $ 8.04 billion in eth, According to to strategize the data. Overall, Ether Treasury companies hold 2.97% of the total supply, worth $ 15.49 billion at the time of publication.
Crypto sentiment Recently reported by the platform Santiment That Ether Whales has been ramping their ETH purchase since the token sank into the annual lows in April.
“In exactly 5 months, they added 14.0% more coins,” Santiment Says In an X post on Wednesday, reference to whale holders with 1,000 to 100,000 ETHs, worth between $ 4.31 million and $ 430.63 million.
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