[Evening News Briefing] Ethereum ETFs See Net Outflows for 5th Straight Week, and More
Original headline[저녁 뉴스브리핑] 이더리움 ETF 5주째 순유출 外
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US spot Ethereum ETFs posted a fifth consecutive week of net outflows, with $432 million (about 575.9 billion won) leaving during the October 26–30 trading days, per SoSoValue data, led by outflows from BlackRock's ETHA while Fidelity's FETH saw inflows. Solana spot ETFs recorded their largest weekly net outflow since tracking began, shedding $71.47 million (about 95.3 billion won) over the same period, driven by withdrawals from Bitwise's BSOL and Grayscale's GSOL. Separately, a whale wallet purchased 27,553 ETH within five hours, according to Lookonchain data cited by PANews. The sustained ETF outflows signal weakening institutional demand for ETH and SOL products despite large on-chain accumulation by major holders. Watch next week's flows for whether the streak extends, along with further whale wallet activity as a potential signal of sentiment divergence between institutional products and large on-chain buyers.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Ethereum (ETH), Solana (SOL), BlackRock (BLK), Fidelity, Grayscale, Bitwise
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