Ethereum ETFs Record Over $600M In Outflows — Warning Signal For Traders?

The price of Ethereum endured significant selling pressure over the past week, reflecting the current climate of the crypto market. The latest data shows that the spot US-based Ethereum ETFs (exchange-traded funds) did not have it any better, as significant capital flowed out of the market in the past week.
Ethereum ETFs Weekly Outflow Exceeds $600 Million
In a Quicktake post on the CryptoQuant platform, market pundit CryptoOnchain revealed an overwhelming exodus of institutional capital from th