Ethereum Funds See 5 Weeks of Outflows as Bitcoin Attracts Billions, Regulatory Concerns Mount

• Ethereum funds have seen 5 straight weeks of investor outflows totaling $118 million • Bitcoin funds have seen over $3.5 billion in inflows over the same period • New Hong Kong ETFs are approved but unlikely to reverse major crypto market trends • Odds of a U.S. spot Ethereum ETF approval by May deadline have plummeted to 18% • SEC investigation into Ethereum Foundation adds regulatory pressure on Ethereum