Ether ETFs post $197M outflows on Monday, second-largest ever

Spot Ether ETFs saw almost $200 million in outflows on Monday amid increased unstaking and investor interest shifting from Bitcoin to ETH.

Spot Ether funds started a new week with a major sell-off, posting almost $200 million in outflows on Monday in extending a trend that started last week.

Spot Ether (ETH) exchange-traded funds (ETFs) saw $196.7 million of outflows, marking their second-largest daily outflow since launching. Monday’s outflows were only topped by $465 million on Aug. 4, according to SoSoValue.

The latest outflows followed Friday’s $59 million, bringing the two-day total to $256 million.

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