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Ethereum ETFs Lose $145 Million as CPI Report Looms
Investors are pulling out of Ethereum exchange-traded funds (ETFs) ahead of the upcoming U.S. Consumer Price Index (CPI) report. Data shows over $145 million in outflows, signaling growing caution in the crypto market as inflation data could impact Federal Reserve policy and broader risk assets.
Analysts say traders are bracing for volatility, with Ethereum’s price hovering near key support levels. A higher-than-expected CPI could trigger more sell-offs, while a softer report might boost confidence in digital assets.
Ethereum ETFs Lose $145 Million as CPI Report Looms
Investors are pulling out of Ethereum exchange-traded funds (ETFs) ahead of the upcoming U.S. Consumer Price Index (CPI) report. Data shows over $145 million in outflows, signaling growing caution in the crypto market as inflation data could impact Federal Reserve policy and broader risk assets.
Analysts say traders are bracing for volatility, with Ethereum’s price hovering near key support levels. A higher-than-expected CPI could trigger more sell-offs, while a softer report might boost confidence in digital assets.
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