Ethereum ETFs Post First Outflow Since Mid-May
The inflow streak into U.S. spot Ethereum ETFs, which lasted for 19 days, has concluded. According to data from Farside, the products experienced net outflows of $2.1 million on June 13. Excluding market closures on Memorial Day, it signifies the first daily outflow since May 16.
Over the streak, spot Ether ETFs have attracted $1.37 billion, accounting for around 35% of their total $3.87 billion in net inflows since launching in July 2024.
Ether Price Trails Behind Despite Influx Momentum
Although there is considerable demand for ETFs, Ether’s current trading price is $2,552, which is lower than the $2,620 mark recorded at the beginning of the inflow streak. According to CoinMarketCap, ETH has decreased by 1.44% over the last 30 days.
According to analysts, the absence of staking features might restrict wider popularity. Robbie Mitchnick, who leads digital assets at BlackRock, remarked on March 20 that Ether ETFs are “less perfect” without staking rewards.
Institutional Interest Still Rising
Ethereum remains a positive view among institutions. SharpLink Gaming became the largest publicly traded holder of Ether to date after acquiring 176,271 ETH (worth $463 million) on June 13.
Brian Quinlivan from Santiment noted that since the market recovery began in April, Ethereum has been “playing catch-up,” and optimism has been growing.
Nonetheless, the historical performance of Q3 serves as a warning: according to CoinGlass data, Ether’s average return in Q3 since 2013 has been only 0.88%.
Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.