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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.