US spot Ether ETFs experienced significant net outflows totaling approximately $955 million in October, according to CoinTelegraph. This marks a notable shift in investor sentiment towards Ether-based exchange-traded funds during the month.
Meanwhile, Bitcoin funds have continued their streak of weekly withdrawals, extending this trend to two consecutive weeks. The persistent withdrawals from both Ether and Bitcoin funds reflect ongoing cautiousness among crypto investors in the US market.
For Japanese investors, who closely monitor US crypto fund trends as indicators of global sentiment, these outflows may signal a period of volatility and reconsideration within the digital asset space.