Ethereum ETFs Plunge $366 Million in Two Days as Whales Snap Up the Dip
The Ethereum ETFs experienced a significant loss of $366 million in just two days as whales capitalized on the dip.
Between September 14 and 16, the funds lost $1.26 billion in net assets while investors withdrew only $366 million.
This means that roughly $894 million of the decline came from Ethereum's falling price rather than selling pressure.