United States-based spot Ethereum exchange-traded funds (ETFs) reported net outflows of $113.3 million on the second day, mainly due to significant withdrawals from Grayscale's Ethereum Trust, contrasting with net inflows for most new ETFs.
Ethereum's price drop of over 8% in 24 hours and 7.2% over the week, amidst a broader market decline, potentially influenced by the sensitive nature of ETH's price to ETF-related fund flows.
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