Ether ETFs Saw Biggest Outflows Since July | Chart of the Day

Ether ETFs saw their largest net outflows since July, with over $79 million exiting on Monday. The outflows come mostly from Grayscale’s Ethereum Trust, which bled over $80 million according to data from SoSoValue. The outflows came despite the recent rally in ether and the broader crypto market following the Fed rate cut, a sign of waning institutional demand for the world’s second-largest token. CoinDesk's Christine Lee presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: www.youtube.com/user/CoinDesk?... Site: www.coindesk.com Twitter: www.twitter.com/coindesk LinkedIn: www.linkedin.com/company/coind... Instagram: www.instagram.com/coindesk Facebook: www.facebook.com/CoinDesk Newsletters: www.coindesk.com/newsletters CoinDesk Podcast Network: open.spotify.com/show/2jyIhkvA... Markets Daily Crypto Roundup: open.spotify.com/show/7sDXM8Bl... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.