🔴 ETHA is trading 3.1% down today on profit-taking after outperforming Bitcoin ETFs

ETHA is trading 3.1% down today as Ethereum-linked products give back part of their recent rally driven by strong spot ETF inflows.

• Ethereum spot ETFs have outperformed Bitcoin for capital attraction for a second straight week, leading to a period of significant outperformance.
• The pullback follows headlines showing sizable outflows from BlackRock’s flagship Bitcoin ETF, prompting profit-taking and volatility across Ethereum-exposed vehicles.
• Market participants are recalibrating after Ethereum-linked products cooled following a surge in institutional capital attraction.