Ether ETFs in the US have recorded their first day of outflows after a remarkable 19-day streak of inflows, marking a surprising turn of events.
Record Inflow Streak
On June 13, Ether ETFs experienced a net outflow of $2.1 million, ending the longest inflow streak since their launch in July 2024. This streak began on May 16, excluding the market closure on May 26 for US Memorial Day. During the 19 days, the ETFs accumulated a total of $1.37 billion in inflows, representing approximately 35% of the total $3.87 billion net inflows.
Ether Financial Performance
Despite the record inflow streak, analysts noted that Ether is trading at lower levels compared to the start of this stretch. On June 13, Ether was valued at $2,552, which is 1.44% lower than its 30-day assessment.
Growing Optimism for Ether
Analysts indicate a growing optimism towards Ethereum. According to Santiment analyst Brian Quinlivan, attention towards Ether seems to be increasing, though historically Q3 has yielded low average returns for Ether. Additionally, on June 13, sports betting platform SharpLink Gaming acquired 176,271 Ether for $463 million, becoming the largest publicly traded holder of ETH.
Thus, despite the end of the record inflow streak, Ether's financial performance and the growing interest in the asset may indicate further market developments.
