🚨 ALERT ON WALL STREET! 📉 ETHER ETF PLUNGES AFTER 19 DAYS OF PARTY! 🤯💸
📢 Exchange-traded funds (ETFs) of Ether ($ETH ) in the U.S. have experienced their first day of net outflows after a record streak of 19 consecutive days of inflows! 📉 The amount? A considerable $2.1 million marking the end of the longest inflow streak since its launch in July 2024.
During those 19 days of glory, the ETFs accumulated a total of $1.37 billion in inflows, representing approximately 35% of the total net inflows of the products, which amount to $3.87 billion. A true feast! 🤑 However, despite this historic record, analyst ZeroHedge points out that Ether is trading at a lower price than it had at the start of the streak, on May 16, when it was at $2,620.
Currently, Ether is at $2,552. Meanwhile, the sector debates whether the lack of staking in the spot Ether ETFs is limiting their appeal. Despite this, Santiment analyst Brian Quinlivan highlights a "high level of optimism towards Ethereum".
🤔 Do you think this is the beginning of the end of the "institutional fever" for #ETH ? And how will the lack of staking in the ETFs affect their ability to attract long-term capital compared to other cryptocurrency investment products?
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