$ETH
Ethereum price today: $1,580
Ethereum ETFs have seen over a 60% decline in total net assets.
Justin Sun said Tron will not sell its ETH holdings amid a drop in prices.
Galaxy Digital has deposited $79.37 million worth of ETH to Binance and Coinbase over the past five days.
ETH has maintained a downtrend since December amid oversold conditions in technical indicators.
Ethereum (ETH) traded just below $1,600 on Thursday following a 60% plunge in the total net assets of US spot Ether ETFs. Meanwhile, Tron founder Justin Sun said that he won't sell his ETH holdings despite the sustained downtrend in the top altcoin’s price.
Sun weighs in on Ethereum's decline amid heightened ETH ETF outflows
US spot Ether exchange-traded funds (ETFs) continued their negative flows on Wednesday after shedding $12.01 million, per SoSoValue data.
Since Trump’s tariffs went live, ETH ETFs have seen a net outflow of $909 million. ETH's weak price has also caused their total net assets to plummet by over 60%, going from an all-time high of $14.28 billion in December to $5.25 billion on Wednesday. The sustained outflows signal increased institutional risk-off sentiment, hampering ETH's price growth.
