Crypto
Ethereum Faces Fresh Pressure as ETF Inflows Stall
Ethereum has faced a fresh pressure point following a significant drop in ETF inflows. The spot Ethereum ETFs recorded roughly $48 million in net outflows, ending a 12-trading-day inflow streak that had attracted around $1.62 billion.
This comes as BlackRock's ETHA recorded about $53.4 million in outflows, Fidelity's FETH lost roughly $26.2 million, and Grayscale's ETHE saw around $23.5 million leave the fund.
However, there was still buying elsewhere, with BlackRock's staked ETH ETF attracting approximately $52.9 million, partially offsetting the broader withdrawals.