On Aug. 4, US spot Ethereum exchange-traded funds (ETFs) saw $465.1 million in net outflows, marking the largest single-day withdrawal since their launch.
These outflows follow a period of record-breaking inflows, with more than $5 billion in new capital flowing into these Ethereum spot ETFs throughout July.
Despite the recent substantial capital exit, ETH’s value remains unchanged during the last 24 hours, up by 1.4% to $3,623 as of press time, according to CryptoSlate’s data.
