Ethereum ETFs Lose $365M as Whales Buy $42M: Who's Wrong?
Ethereum's $365 Million Tug-of-War: ETFs Are Dumping. Whales Are Buying. Who's Wrong? Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I have covered a lot of strange weeks in the Ethereum market. But this one deserves a pause, because two groups of very serious money are doing the exact opposite thing at the exact same price — and they cannot both be right. On one side, Wall Street's spot Ethereum ETFs just logged their sixth straight week of outflows. A total of $365.2 million walked out the door in the week ending November 7, with roughly $100 million leaving on Thursday and another $93.3 million on Friday. BlackRock's ETHA fund alone saw $90.76 million redeemed on Friday. October's total outflow was a brutal $1.6 billion. And across Bitcoin and Ethereum ETFs combined, investors pulled about $1.65 billion in five trading days. On the other side, Ethereum whales are buying like the sale of the century just started. One whale w...
