U.S. Spot Ethereum ETFs Record Net Outflows for 23 Consecutive Trading Days, Longest Streak Since Launch

TechFlow reports that on November 1, Glassnode data showed U.S. spot Ethereum ETFs have recorded net outflows for 23 consecutive trading days, setting the longest streak of consecutive net outflows since the products launched.

Glassnode noted that this trend reflects continued weak demand for Ethereum from traditional finance investors. Previously, traditional investors bought Ethereum ETFs on a large scale in August and September this year, but fund flows have now clearly reversed.

Source: TechFlow