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⛓️ Crypto🔴 BearishImportance 7/10
Ethereum ETFs enter first 7-day outflow streak of the year
🤖AI Summary
U.S. spot Ethereum ETFs experienced their first seven-day consecutive outflow streak of the year, with over $390 million exiting the funds. The outflows culminated with $92.54 million leaving on Thursday, March 26, indicating weakening institutional demand for ETH exposure.
Key Takeaways
- →Ethereum ETFs recorded seven straight days of outflows totaling over $390 million.
- →This marks the first extended outflow streak for ETH ETFs in the current year.
- →Thursday alone saw $92.54 million in net outflows from the 10 spot ETH ETFs.
- →The sustained outflows suggest declining institutional appetite for Ethereum exposure.
- →This trend contrasts with the initial enthusiasm when these ETFs first launched.
Read Original →via crypto.news
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