The outflow day for spot Ether ETFs comes just after Ether narrowly missed reclaiming its 2021 all-time high.
Spot Ether exchange-traded funds (ETFs) closed the week with outflows after a nearly two-week streak of significant inflows.
On Friday, US-spot Ether (ETH) ETFs saw $59.3 million in outflows, bringing an end to their eight-day inflow streak that added approximately $3.7 billion to the products, according to Farside data.
It comes as Ether fell just 1.94% short of reclaiming its 2021 all-time high of $4,878 on Thursday, before retracing down to $4,448 at the time of publication, according to CoinMarketCap.
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