ETH ETF Liquidity Remains Weak With Significant Outflows

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, stated on X that the liquidity for ETH ETFs remained weak this week, with a net outflow totaling $26.2 million, equivalent to a reduction of 11,461.21 ETH. The primary driver of this week's sell-off continued to be ETHE. Apart from Grayscale's Mini ETF and three increases by BlackRock, other ETF holdings remained unchanged. However, the negative news has largely been absorbed, leading to improved market sentiment, as indicated by the fear index rising to 52. Consequently, the price of ETH has rebounded, surpassing the $2,600 mark.