Investing.com – Spot exchange-traded funds (ETFs) saw $14 million leaving the regulated products in the United States over the past week, according to Barclays (LON:) analysts in a Monday note.
The liquidation occurred despite ether, the cryptocurrency that spot Ethereum funds follow, rising 2.19% last week.
The outflows were primarily driven by withdrawals from Grayscale’s Ethereum Trust (NYSE:), which saw $118 million exiting the fund. The downturn was slightly mitigated by a $2 million inflow into Grayscale’s Ethereum Mini Trust (NYSE:) trust, the second-largest spot ether ETF by net assets.
“Grayscale saw an outsized portion of the outflows from their ethereum trust, though this was offset slightly by inflows into their mini ethereum trust,” the note said.
The VanEck Ethereum ETF (NYSE:) also recorded…
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