The U.S.-based spot Ethereum Exchange Traded Fund (ETF) released its first day of net outflows after a record 19-day continuous inflows.
On June 13, the site Ether(eth) The net outflow recorded by the ETF was $2.1 million, ending the longest inflow record since its launch in July 2024 according to to Farside data.
Winning a winning streak to defeat previous records
The winning streak began on May 16 and excluded the market closures on Memorial Day on May 26.
ETFs amassed a total of $1.37 billion inflows over a 19-day winning streak, accounting for about 35% of the total net inflows of $3.87 billion in products. On June 11, the on-site Ether ETF had the largest daily inflows for more than four months, totaling US$240.3 million.
Before that, when the inflow rate of US President Donald Trump’s Donald Trump was 18 days, the longest inflow record for ETEF was 18 days. The election won in November.
Crypto Analyst Zerohedge explain In a June 13 article on X, Ether’s trade was lower than the trade that started on May 16 when trading at $2,620 despite record-breaking wins.
At the time of publication, Ether was trading at $2,552. according to Used to share market cap data.
Many industry players believe that Ether ETFs need a put-in feature to attract greater interest. On March 20, BlackRock’s head Digital Assets, Robbie Mitchnicksays ETF is “not perfect” without bets.
Optimism about ether is growing
Meanwhile, Santiment analyst Brian Quinlivan Tell Cointelegraph that there is one “The level of optimism about Ethereum.”
Related: Sharplink buys $463 million in ETH, becoming the largest public ETH holder
“More and more eyes turn to Ethereum,” he said on June 11, adding that “the assets have been catching up since the market began to recover in mid-April.”
However, historically, Ether had the lowest average return in the third quarter, with an average of only 0.88% since 2013. according to to Coinglass data.
On June 13, sports betting platform Sharplink Games Get 176,271 Ether for $463 millionbecome the world’s largest public transaction holder.
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