Ethereum ETF Streak Snapped: Is the Bull Run in Danger?
After a record 19-day run of unbroken inflows, US-based spot Ether ETFs saw their first net outflow day. According to Farside statistics, spot Ether ETFs saw net withdrawals of $2.1 million on June 13, breaking the longest inflow run since the products’ July 2024 inception. With the exception of the May 26 market closure for US Memorial Day, the streak started on May 16.
Ether ETFs Break Past Records with Explosive $1.37B Inflow Surge
The ETFs received $1.37 billion in inflows during the course of the 19-day period, which is about 35% of the $3.87 billion in net inflows for the products. Spot Ether ETFs had $240.3 million in daily inflows on June 11, the biggest inflow in over four months.
Prior to today, the longest string of inflows for spot Ether ETFs was eighteen days. After U.S. President Donald Trump won the election in November, the inflow streak concluded on December 19 amid a general sense of confidence in the cryptocurrency market.
Can Ethereum Break Its Q3 Slump? Historical Data vs. Growing Optimism
According to Brian Quinlivan, an analyst at Santiment, there is a lot of hope for Ethereum. The asset has been playing catch-up since the markets started to rebound in mid-April, he continued.
More and more eyes have turned to Ethereum,
Quinlivan
However, according to CoinGlass data, Q3 has historically produced the lowest average returns for Ether, averaging only 0.88% since 2013.
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