US-based spot Ether ETFs recorded five consecutive days of outflows totaling $795.8 million as Ether’s price dropped by 10.25% to $4,013. This marks a 12.24% decrease over the past 30 days. Analysts suggest this trend indicates capitulation and waning retail participation amid anticipation for staking approval by the SEC.

In contrast, spot Bitcoin ETFs saw net outflows of $897.6 million over five days. Bitcoin’s price fell by 5.28% to $109,551 in the past week. Despite recent challenges, ETF analyst James Seyffart believes Bitcoin ETFs are performing well and have attracted unprecedented amounts of investment. Expectations are high for future growth in this sector.

Read more at Cointelegraph: Spot Ether ETFs Post Straight Week Of Outflows