Spot ETFs on Ethereum are recording a record outflow of $186.6 million in the United States, marking the second consecutive day of withdrawals. The most affected: BlackRock ($120 M), Bitwise ($31 M), and Fidelity ($18 M).

This wave of withdrawals reflects a temporary decline in institutional demand and a phase of profit-taking after the recent market gains.

While this does not undermine the long-term potential of ETH, investors are closely watching the market's reaction to this flow correction.

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