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⛓️ Crypto🔴 BearishImportance 7/10

Ethereum ETFs enter first 7-day outflow streak of the year

crypto.news|Rony Roy|
Ethereum ETFs enter first 7-day outflow streak of the year
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🤖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.
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