Spot Ether ETFs post outflow day after record 19-day inflow streak

US-based spot Ether exchange-traded funds (ETFs) person posted the archetypal nett outflow time aft a grounds 19-day streak of consecutive inflows.

On June 13, spot Ether (ETH) ETFs recorded nett outflows of $2.1 million, ending the longest inflow streak since the products’ motorboat successful July 2024, according to Farside data.

Streak beats erstwhile grounds by a azygous day

The streak began connected May 16, excluding the marketplace closure connected May 26 for US Memorial Day. 

The ETFs accumulated a full of $1.37 cardinal successful inflows implicit the 19-day streak, representing astir 35% of the products’ full $3.87 cardinal nett inflows.

Before this, the longest inflow streak for spot Ether ETFs was 18 days, which ended connected Dec. 19 amid broader crypto marketplace optimism pursuing US President Donald Trump’s election triumph successful November.

Crypto expert ZeroHedge said successful a June 13 station connected X that contempt a grounds streak of consecutive inflow days, Ether is trading little than it was astatine the commencement of the agelong connected May 16, erstwhile it was trading astatine $2,620.

At the clip of publication, Ether is trading astatine $2,552, according to CoinMarketCap data.

Ether is down 1.44% implicit the past 30 days. Source: CoinMarketCap

On June 11, spot Ether ETFs saw its biggest inflow with $240.3 cardinal successful implicit 4 months, since Feb. 4 erstwhile it posted $307.8 million.

Many manufacture participants judge spot Ether ETFs necessitate a staking diagnostic to pull greater interest. On March 20, BlackRock’s caput of digital assets, Robbie Mitchnick, said that the ETF is “less perfect” without staking.

Optimism for Ether is growing

Meanwhile, Santiment expert Brian Quinlivan precocious told Cointelegraph that determination is a “high level of optimism toward Ethereum.” 

Related: SharpLink buys $463M successful ETH, becomes largest nationalist ETH holder

“More and much eyes person turned to Ethereum,” helium said connected June 11, adding that the plus has been “playing catch-up since markets began their betterment successful mid-April.” 

However, historically, Q3 has delivered the lowest mean returns for Ether, averaging conscionable 0.88% since 2013, according to CoinGlass data.

On June 13, sports betting level SharpLink Gaming acquired 176,271 Ether for $463 million, becoming the world’s largest publically traded holder of ETH.

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