US-based spot Ether ETFs ended their longest uninterrupted entry streak since July 2024, with an outflow of $2.1 million. According to Farside data, on June 13, spot Ether (ETH) ETFs experienced a net outflow of $2.1 million, thus ending a record 19-day uninterrupted entry process.
This entry streak started on May 16 and continued uninterrupted, except for the day the market was closed due to Memorial Day in the US on May 26. A total of $1.37 billion net inflow occurred into ETFs during these 19 days. This amount corresponds to about 35% of the total net inflow of $3.87 billion recorded since the products' launch. Notably, on June 11, spot Ether ETFs experienced the highest daily inflow in the last four months, amounting to $240.3 million.
The previous longest entry streak lasted 18 days and ended on December 19, following the optimism seen in the general crypto market after the election victory of US President Donald Trump in November 2024.
Crypto analyst ZeroHedge noted in a post on June 13 on the X platform that despite record levels of entry into ETFs, the price of Ether remained below the $2,620 level at the beginning of the entry streak that started on May 16. As of the time of publication, according to CoinMarketCap data, Ether is trading at $2,552.
Many experts in the industry believe that spot Ether ETFs need staking support to attract more interest. On March 20, Robbie Mitchnick, head of BlackRock Digital Assets, stated that without staking, the ETF would be "less ideal."
On the other hand, Santiment analyst Brian Quinlivan recently stated to Cointelegraph that there is a "high level of optimism" towards Ethereum. Quinlivan noted, "Interest in Ethereum is steadily increasing," and added that the asset has been trying to gain value since the market recovery that started in mid-April.
However, CoinGlass data shows that historically, the average return for Ether in the third quarter is only 0.88%, making it one of the lowest periods.
On June 13, sports betting platform SharpLink Gaming spent approximately $463 million by purchasing 176,271 Ether, thus becoming the largest public owner of ETH.
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