After 19 straight sessions of net inflows, U.S. spot Ether ETFs finally saw red on June 13, with $2.1 million in net outflows.
The streak, which began on May 16, brought in $1.37 billion—around 35% of the products’ total inflows since launch in July 2024.
Despite strong demand, Ether’s price slipped from $2,620 at the start of the run to about $2,552, suggesting buying pressure wasn’t enough to push prices higher. Even a $240 million daily inflow on June 11 failed to lift ETH meaningfully.
Analysts say the lack of staking features in the ETFs is holding back broader adoption. BlackRock has acknowledged this limitation, calling the current version “less perfect.”
Still, optimism is growing around Ethereum, with some suggesting it’s gaining attention as it lags behind Bitcoin’s rally.
Historically, Q3 has been Ether’s weakest quarter, averaging under 1% returns. Yet on June 13, sports betting firm SharpLink Gaming made headlines by buying $463 million worth of ETH, becoming the largest public holder—highlighting that institutional interest remains strong, even as retail flows cool.
A wave of bullish momentum is sweeping through smaller-cap altcoins, with ResearchCoin (RSC), Electroneum (ETN), and REI Network (REI) all recording substantial 24-hour gains.
XRP is drawing fresh investor attention as optimism builds around its legal standing and potential exchange-traded products (ETPs).
Ethereum is showing strength in the face of broader market weakness, holding firm even as Bitcoin and other major assets trend downward.
Pudgy Penguins’ native token $PENGU is attracting renewed attention from traders after showing consistent support at a key technical level.