As the cryptocurrency market witnesses a notable shift, Ethereum exchange-traded funds (ETFs) have recorded their first net outflows of $2.1 million on June 13. This stalling marks an end to a historic 19-day inflow streak, started on 16 May.
Throughout the run, Ethereum ETFs amassed an impressive $1.37 billion in inflows, representing roughly 35% of their total $3.87 billion net inflows since their launch in July 2024—as per Sosovalue data.
The streak, which peaked with a $240.3 million inflow on June 11—the largest in over four months—had fueled optimism among investors. However, the recent outflows suggest a potential cooling of enthusiasm, with Ethereum (ETH) price dropping to $2,467 from the weekly high of $2,873—marking a 14% drop.
At the time of writing, ETH is trading near $2,517 with a staggering 60% increase in its 24 hour trading volume.
Analysts attribute this pushback to the recent market turmoil, where the crypto market crashed after Israel carried out a military strike on Iran on Thursday.
While the outflows are modest, they underscore the cryptocurrency market’s inherent unpredictability. Industry experts remain cautiously optimistic, citing growing institutional interest and potential regulatory clarity as drivers for future growth.
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