Ethereum Spot ETFs Face $760 Million Outflows
The post Ethereum Spot ETFs Face $760 Million Outflows appeared on BitcoinEthereumNews.com.
Ethereum (ETH) spot exchange-traded funds (ETFs) have recently experienced a dramatic outflow, totaling over $760 million over the past month. This marks a notable shift in the market sentiment towards Ethereum, as the net flows of funds from ETH spot ETFs have been predominantly negative. The development, highlighted by recent data from Glassnode and presented by @ali_charts, reflects significant investor activity in the Ethereum space, shedding light on potential market trends and reactions to external factors. Looking at the data presented, it is evident that Ethereum spot ETFs saw significant inflows at the beginning of the year, particularly in January. However, this trend shifted sharply, with Ethereum experiencing sustained outflows throughout February and into March. This outflow reached an alarming $760 million, with the red bars on the graph indicating a consistent drain in funds. This stark reversal in the flow of capital from Ethereum-based ETFs has raised concerns and sparked discussions regarding the broader cryptocurrency market dynamics. As the red bars on the chart depict, from the end of January into February and March, the market witnessed negative net flows, meaning that more funds were pulled out of Ethereum ETFs than were injected into them. This downward trend culminated in a steep decline in Ethereum’s price, with the price of ETH falling from highs of around $3,200 in mid-February to lows near $2,400 by mid-March. This represents a drop of nearly 25%, directly correlating with the significant outflows from Ethereum ETFs. Ethereum’s Price Impact and Recovery Outlook The substantial outflows from Ethereum ETFs have had a tangible impact on the price of ETH. As the chart illustrates, the negative net flows are mirrored by a steady decline in the price of Ethereum, falling from the $3,000 to $3,200 range to below $2,400 within just a few weeks. This drop…
Filed under: News - @ March 23, 2025 4:11 am