ETH Token Drops 9.33% Amid $19.7M ETF Outflows and Surging Volatility Despite Institutional Moves

Ethereum (ETHUSDT) experienced a sharp decline of 9.33% over the past 24 hours, with the price falling from 2415.05 to 2189.78 on Binance. This drop is primarily attributed to significant market-wide selling pressure, as reflected in a 7% loss reported across major exchanges, heightened volatility, and a notable net outflow from US Ethereum spot ETFs on June 20, 2025, including an $11.3 million net outflow and a $19.7 million outflow from BlackRock’s ETF. Despite institutional accumulation, such as SharpLink’s large ETH purchase and staking, and the launch of the UK’s first FCA-approved tokenized fund on Ethereum, short-term sentiment remains bearish due to the recent correction and contraction in market capitalization. Current trading volume remains high, indicating active investor response to the ongoing volatility.