Spot Ethereum ETF Recorded $113.3M Outflows; What’s the Reason?

Approved on July 22, the Spot Ethereum exchange-traded funds (ETFs) showed inconsistent performance. On the second trading day, the spot Ethereum ETF experienced net outflows totaling $113.3 Million, largely due to significant withdrawals from Grayscale’s Ethereum Trust. Ethereum was trading at $3,160.65, after an intraday drop of 8.90% with $379,870,939,173 in market cap and... source: https://www.coingabbar.com/en/crypto-currency-news/spot-ethereum-etf-performance