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>>Ethereum spot ETFs record a sixth straight day of declines as outflows surpass $86 million.

Ethereum spot ETFs record a sixth straight day of declines as outflows surpass $86 million.

crypthub

7 days ago

Six-Day Outflow Streak for Ethereum ETFs

U.S. spot Ethereum exchange-traded funds recorded a significant net outflow of $86.4 million on May 18. This withdrawal extends the funds' consecutive losing streak to six sessions. Such sustained outflows indicate notable selling pressure across the market for Ethereum.

Sources and Scale of Withdrawals

BlackRock’s iShares Ethereum Trust (ETHA) was the largest contributor to the daily withdrawals, accounting for over half the total outflow. Fidelity and Grayscale also saw substantial amounts of net money leave their respective funds. These consistent withdrawals across major issuers suggest a widespread trend, rather than limited fund-specific movement.

Market Interpretation and Caveats

Consecutive ETF outflows may signal shifting institutional sentiment or reduced immediate appetite for the asset. However, investors must view this data point cautiously. ETF flows are only one metric and fail to capture crucial information like over-the-counter trading or general macroeconomic factors.

Ethereum spot ETFs record a sixth straight day of declines as outflows surpass $86 million.

Six-Day Outflow Streak for Ethereum ETFs

Sources and Scale of Withdrawals

Market Interpretation and Caveats

Ethereum spot ETFs record a sixth straight day of declines as outflows surpass $86 million.