ETH ETFs experienced their largest net outflows since July, with over $79 million exiting on Monday, primarily from Grayscale’s ETHE product, indicating waning institutional demand according to Coindesk. Despite a recent 11% price rise driven by broader crypto market optimism after Fed rate cuts, investors remain cautious about Ethereum's long-term growth potential. Ethereum’s narrative as a "world computer" is seen as harder for traditional finance investors to grasp compared to Bitcoin’s "digital gold" appeal. Additionally, Ethereum has underperformed Bitcoin this year, further dampening sentiment. Upcoming upgrades, like the Pectra launch in 2025, may help attract future interest. Source: Coindesk
