Ether ETFs Post Third Straight Day of Outflows Amid Cryptocurrency Gains

U.S. spot ether exchange-traded funds (ETFs) posted net outflows of around $39 million on Thursday, marking their third consecutive day of withdrawals.

This follows $224 million in withdrawals on Wednesday and $141 million on Tuesday, according to SoSoValue data.

In contrast, bitcoin ETFs attracted about $159 million, while the single U.S. Zcash fund drew nearly $47 million, its strongest showing yet this month, bringing its total monthly inflows to over $230 million.

The price of ether rose 2% to around $2,470 over the same period, but XRP funds lost about $5 million after a small inflow the day before.