Ethereum’s $2,000 test: CoinShares sees outflows easing, but ETF cash keeps leaving
Crypto ETPs posted a third week of outflows, slowing to $187 million, with bitcoin products losing $264.4 million and ether ETPs gaining $5.3 million, CoinShares said. Ether fell over 30% last week, briefly touching $1,700 before rebounding above $2,000. Spot ether ETFs saw net outflows of $21.3 million on Feb. 6, led by $45.4 million from BlackRock’s ETHA, Farside reported. Bitcoin’s average 1% market depth dropped to $5 million, Kaiko said.