Ether Exchange-Traded Funds (ETFS) recorded four consecutive days of leaks, marking a sharp turn of emotions after a month's huge influx, after which they outweighed Bitcoin BTC$110,838.91 Counterpart.
Spot Ether ETF has totaled $555.4 million in the last four trading sessions, according to data compiled by Farside investors. In contrast, the Bitcoin ETF brought in $283.7 million over the same period. This reversal follows an impressive August performance when the etheric ETF saw an inflow of over $400 million compared to just $629 million in Bitcoin funds.
Shifts appear to be associated with price actions. The ether fell to $4,209 on Monday, marking its lowest level since mid-August. This is similar to past observations that saw a significant price drop and also ETH ETF spills.
This behavior suggests that investors often move to the bystanders rather than buying dips. The behavior may reflect either a loss of confidence in short-term benefits or a resistance to overcome a potential further decline.
Read more: Ether leads crypto prices to collapse in shocking reversal from early rally
The current divergence of the flow between the two biggest crypto assets shows a cooling of etheric enthusiasm, even if Bitcoin could attract fresh capital.
Still, past performances suggest that the pendulum could return again. If the price of ether is stable or climbed, ETF flow may continue.
