Eths exchange traded funds (ETFS) have registered four consecutive days of outflowing that mark a sharp turn in mood after a month of heavy influxes that saw them outdo their Bitcoin Counterparts.
Over the last four trading sessions, Spot ETHER ETFS throws a total of $ 505.4 million, according to data prepared by Farside Investors. In contrast, Bitcoin ETFs brought $ 283.7 million in the same period. This reversing follows a striking August performance as ETHER ETFs saw more than $ 4 billion in influx compared to only $ 629 million for Bitcoin funds.
The shift appears to be tied to price action. Ether dropped to $ 4,209 Monday and marked its lowest level since mid -August. This is similar to previous observations that have also seen ETH ETF flow after significant price drop.
This behavior suggests that investors often move to the sidelines instead of buying dip. This behavior can reflect either a loss of confidence on the short -term upside or a reluctance to keep through potential additional falls.
Read more: Ether leads crumbling crypto prices in shocking turns from early rally
The current divergence in streams between the two largest crypto assets points to a cooling of etheric enthusiasm even when Bitcoin manages to attract fresh capital.
Still past, Pendulum suggests could swing back again. If the Ether Price stabilizes or climbs, ETF streams can follow.
