This week, the net outflow of U.S. spot Ethereum ETFs was $189.9 million
According to ChainCatcher news, LinChen, the head of Asia-Pacific business at Deribit, stated on social media that this week, the net outflow of the U.S. spot Ethereum ETF reached $189.9 million, with a total reduction of 99,266.82 ETH. Among them, BlackRock reduced its holdings by 33,776.47 ETH, and Fidelity reduced its holdings by 31,695.05 ETH, resulting in heavy selling pressure. The price of ETH has fallen below the $2,000 mark, and the ETH/BTC exchange rate continues to decline, currently at only 0.0229.
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