Ethereum Spot ETF Experiences Net Outflow for 13 Consecutive Days, What Are the Market Signals?

Latest data shows that the Ethereum Spot ETF had a net outflow of $18.6309 million yesterday (March 21), marking 13 consecutive days of net outflow! As of March 22, the total net asset value is $6.769 billion, with a historical cumulative net inflow of $2.417 billion, and the ETF net asset ratio (as a percentage of Ethereum's total market value) is 2.84%.

This trend may be related to Ethereum's 40% decline this year and a broader adjustment in the cryptocurrency market. Bitcoin ETF also experienced similar outflows in March, indicating overall cautious market sentiment. Nevertheless, the ETF still manages a substantial amount of assets, showing that Ethereum's long-term appeal remains intact.

Summary: Bearish in the short term, bullish in the medium to long term.

#Ethereum #ETF #Cryptocurrency #MarketAnalysis

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