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The price of Ethereum has fallen below $3100 for the first time since November 4, trading at around $3066, down 3.4% in the last 24 hours. Timothy Peterson of Cane Island Alternative Advisors reported that there were net outflows of funds from spot Ethereum ETFs in four of the past five weeks, totaling about 7% of the cost basis capital, while the net outflow for Bitcoin ETFs was about 4%. This indicates that, amid the overall fall in digital assets, investors consider the risks of Ethereum to be higher.

ETH-0.92%
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