US-based spot Ether exchange-traded funds (ETFs) have posted the first net outflow day after a record 19-day streak of consecutive inflows.
On June 13, spot Ether (ETH) ETFs recorded net outflows of $2.1 million, ending the longest inflow streak since the productsโ launch in July 2024, according to Farside data.
Streak beats previous record by a single day
The streak began on May 16, excluding the market closure on May 26 for US Memorial Day.ย
The ETFs accumulated a total of $1.37 billion in inflows over the 19-day streak, representing roughly 35% of the productsโ total $3.87 billion net inflows. On June 11, spot Ether ETFs saw its largest daily inflow in more than four months, totaling $240.3 million.
Before this, the longest inflow streak for spot Ether ETFs was 18 days, which ended on Dec. 19 amid broader crypto market optimism following US President Donald Trumpโs election win in November.
Crypto analyst ZeroHedge said in a June 13 post on X that despite a record streak of consecutive inflow days, Ether is trading lower than it was at the start of the stretch on May 16, when it was trading at $2,620.
At the time of publication, Ether is trading at $2,552, according to CoinMarketCap data.
Many industry participants believe spot Ether ETFs require a staking feature to attract greater interest. On March 20, BlackRockโs head of digital assets, Robbie Mitchnick, said that the ETF is โless perfectโ without staking.
Optimism for Ether is growing
Meanwhile, Santiment analyst Brian Quinlivan recently told Cointelegraph that there is a โhigh level of optimism toward Ethereum.โย
Related: SharpLink buys $463M in ETH, becomes largest public ETH holder
โMore and more eyes have turned to Ethereum,โ he said on June 11, adding that the asset has been โplaying catch-up since markets began their recovery in mid-April.โย
However, historically, Q3 has delivered the lowest average returns for Ether, averaging just 0.88% since 2013, according to CoinGlass data.
On June 13, sports betting platform SharpLink Gaming acquired 176,271 Ether for $463 million, becoming the worldโs largest publicly traded holder of ETH.
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