Ether ETFs Break 19-Day Inflow Streak with $2.1M Outflow

U.S.-based spot Ether exchange-traded funds (ETFs) have recorded their first net outflow after a historic 19-day run of consecutive inflows . On June 13, the products collectively saw $2.1 million in net outflows, according to data from Farside Investors. The streak, which began on May 16 and excluded the May 26 Memorial Day holiday, marks the longest since Ether ETFs launched in July 2024. Over the course of this inflow streak, spot Ether ETFs attracted around $1.37 billion in new investments, accounting for nearly 35% of their total net inflows of $3.87 billion to date. Notably, on June 11, the funds posted their highest single-day inflow in over four months at $240.3 million. The previous inflow streak record stood at 18 days, ending on December 19, 2024, amid a wave of optimism following Donald Trump’s return to the U.S. presidency. The latest 19-day streak edged out that record by a single trading day. Streak Ends, But Ether Sentiment Remains Upbeat Despite the influx of capital, Ether’s price has not shown a corresponding rally. According to a June 13 analysis from ZeroHedge, Ether is currently trading below the $2,620 level it held at the start of the streak on May 16. The muted price action has fueled ongoing discussions within the industry around the need for staking capabilities in Ether ETFs. BlackRock’s Head of Digital Assets, Robbie Mitchnick, emphasized this point back in March, calling Ether ETFs “less perfect” without staking. Many analysts agree that enabling staking rewards within the ETF framework could drive greater investor interest, aligning the product more closely with the core appeal of Ethereum’s proof-of-stake model. Still, sentiment remains positive. Santiment analyst Brian Quinlivan noted on June 11 that optimism toward Ethereum is growing. “More and more eyes have turned to Ethereum,” he said, highlighting that Ether has been gradually recovering since mid-April alongside the broader crypto market. Major Purchase Highlights Institutional Interest Adding to the momentum, SharpLink Gaming made headlines on June 13 by acquiring 176,271 ETH, valued at $463 million. The purchase makes the sports betting platform the world’s largest publicly traded holder of Ethereum. The purchase underscores growing institutional confidence in the asset despite its historical underperformance in Q3—where Ether has averaged a modest 0.88% return since 2013, according to CoinGlass. The post Ether ETFs Break 19-Day Inflow Streak with $2.1M Outflow appeared first on TheCoinrise.com .

Source: The Coin Rise