According to Cointelegraph, the US spot Ethereum ETF has recorded its first net outflow of $2.1 million after 19 consecutive days of net inflows. This record began on May 16, excluding the market closure on Memorial Day, May 26.
During the 19 days of net inflows, the ETF accumulated a total inflow of $1.37 billion, accounting for about 35% of the total net inflow of $3.87 billion. On June 11, the spot Ethereum ETF had a single-day inflow of $240.3 million, the largest in four months.
Despite the record consecutive inflows, the price of Ethereum is below the $2,620 recorded on May 16, currently at $2,552. Analysts believe that the spot Ethereum ETF needs to have staking functions to attract more interest.
On June 13, SharpLink Gaming acquired 176,271 Ethereum, worth $463 million, becoming the largest publicly traded ETH holder in the world.
