The US-based Ether Exchange-Traded Funds (ETF) spot posted the first Net Outflow Day after a record 19-day streak of consecutive flow.
On June 13, spot Ether (Eth) ETFs recorded Net Outflows of $ 2.1 million, ending with the longest flow of flow since the launch of products in July 2024, According to to the data away.
Streak beats past record by a single day
The stripe began on May 16, excluding market closure on May 26 for the day of the US.
The ETFS accumulated a total of $ 1.37 billion in flows within the 19-day stripes, representing about 35% of the total $ 3.87 billion net of products. On June 11, the Ether ETF spots saw the largest day -to -day flow for more than four months, worth $ 240.3 million.
Prior to this, the longest flow for the ETFS area was 18 days, ended December 19 amid greater optimism in the crypto market following US President Donald Trump’s The election win in November.
Crypto analyst Zerohedge Says In a June 13 post on X that despite a record streak of successive days of flowing, Ether was less trading than the beginning of the stretch on May 16, when it traded at $ 2,620.
At the time of publication, the Ether traded at $ 2,552, According to In CoinMarketCap data.
Many industry participants believe that ETF areas require a staking feature to attract greater interest. On March 20, leader of Blackrock Digital Assets, Robbie MitchnickIt is said that ETF is “less perfect” without staking.
Optimism for Ether is growing
Meanwhile, Santiment analyst Brian Quinlivan recently said to cointelegraph that there is a “High levels of optimism toward Ethereum.”
Related: Sharpink bought $ 463m at ETH, becoming the largest public ethical holder
“More and more eyes turn to Ethereum,” he said on June 11, adding that the property has been “playing catch-up since the markets started their recovery in mid-April.”
Historically, however, Q3 has delivered the lowest average return for Ether, which has only been 0.88% since 2013, According to in coinglass data.
On June 13, the Sports Betting platform Sharpink Gaming Got 176,271 ether for $ 463 millionwhich has become the largest public -owned world of ETH.
Magazine: Older investors are at risk for a crypto -funded retirement
