US-based spot Ether exchange-traded funds (ETFs) have posted the first net outflow day after a record 19-day streak of consecutive inflows.
On June 13, spot Ether (ETH) ETFs recorded net outflows of $2.1 million, ending the longest inflow streak since the products’ launch in July 2024, according to Farside data.
Streak beats previous record by a single day
The streak began on May 16, excluding the market closure on May 26 for US Memorial Day
The ETFs accumulated a total of $1.37 billion in inflows over the 19-day streak, representing roughly 35% of the products’ total $3.87 billion net inflows.
Before this, the longest inflow streak for spot Ether ETFs was 18 days, which ended on Dec. 19 amid broader crypto market optimism following US President Donald Trump’s election win in November.
Crypto analyst ZeroHedge said in a June 13 post on X that despite a record streak of consecutive inflow days, Ether is trading lower than it was at the start of the stretch on May 16, when it was trading at $2,620.
At the time of publication, Ether is trading at $2,552, according to CoinMarketCap data.
Ether is down 1.44% over the past 30 days. Source:CoinMarketCapOn June 11, spot Ether ETFs saw its biggest inflow with $240.3 million in over four months, since Feb. 4 when it posted $307.8 million.
Many industry participants believe spot Ether ETFs require a staking feature to attract greater interest. On March 20, BlackRock’s head of digital assets, Robbie Mitchnick, said that the ETF is “less perfect” without staking.
Optimism for Ether is growing
Meanwhile, Santiment analyst Brian Quinlivan recently told Cointelegraph that there is a “high level of optimism toward Ethereum.”
Related:SharpLink buys $463M in ETH, becomes largest public ETH holder
“More and more eyes have turned to Ethereum,” he said on June 11, adding that the asset has been “playing catch-up since markets began their recovery in mid-April.”
However, historically, Q3 has delivered the lowest average returns for Ether, averaging just 0.88% since 2013, according to CoinGlass data.
On June 13, sports betting platform SharpLink Gaming acquired 176,271 Ether for $463 million, becoming the world’s largest publicly traded holder of ETH.
Magazine:Older investors are risking everything for a crypto-funded retirement
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Spot Ether ETFs post first outflow day after record 19-day inflow streak
US-based spot Ether exchange-traded funds (ETFs) have posted the first net outflow day after a record 19-day streak of consecutive inflows.
On June 13, spot Ether (ETH) ETFs recorded net outflows of $2.1 million, ending the longest inflow streak since the products’ launch in July 2024, according to Farside data.
Streak beats previous record by a single day
The streak began on May 16, excluding the market closure on May 26 for US Memorial Day
The ETFs accumulated a total of $1.37 billion in inflows over the 19-day streak, representing roughly 35% of the products’ total $3.87 billion net inflows.
Before this, the longest inflow streak for spot Ether ETFs was 18 days, which ended on Dec. 19 amid broader crypto market optimism following US President Donald Trump’s election win in November.
Crypto analyst ZeroHedge said in a June 13 post on X that despite a record streak of consecutive inflow days, Ether is trading lower than it was at the start of the stretch on May 16, when it was trading at $2,620.
At the time of publication, Ether is trading at $2,552, according to CoinMarketCap data.
Many industry participants believe spot Ether ETFs require a staking feature to attract greater interest. On March 20, BlackRock’s head of digital assets, Robbie Mitchnick, said that the ETF is “less perfect” without staking.
Optimism for Ether is growing
Meanwhile, Santiment analyst Brian Quinlivan recently told Cointelegraph that there is a “high level of optimism toward Ethereum.”
Related: SharpLink buys $463M in ETH, becomes largest public ETH holder
“More and more eyes have turned to Ethereum,” he said on June 11, adding that the asset has been “playing catch-up since markets began their recovery in mid-April.”
However, historically, Q3 has delivered the lowest average returns for Ether, averaging just 0.88% since 2013, according to CoinGlass data.
On June 13, sports betting platform SharpLink Gaming acquired 176,271 Ether for $463 million, becoming the world’s largest publicly traded holder of ETH.
Magazine: Older investors are risking everything for a crypto-funded retirement