Ethereum ETFs extend 7-day outflow streak as ETH stalls below $3,000
NegativeCryptocurrency

- Ethereum spot ETFs have recorded $75.89 million in net outflows on December 19, marking a seven-day streak of withdrawals as the cryptocurrency's price remains stalled below $3,000. BlackRock's ETHA fund was solely responsible for these redemptions, while the other eight Ethereum ETFs reported no flow activity.
- This ongoing outflow trend raises concerns about investor confidence in Ethereum, particularly as the market grapples with stagnation and declining engagement, evidenced by a significant drop in active addresses.
- The situation reflects broader challenges within the cryptocurrency market, as Ethereum's institutional momentum wanes and parallels can be drawn with other assets experiencing prolonged outflows, such as BlackRock's Bitcoin ETF, which has also faced significant withdrawals, indicating a potential shift in investor sentiment across the sector.
— via World Pulse Now AI Editorial System




