U.S. spot Ethereum ETFs hit a record 23-day net outflow streak, signaling weakening institutional demand.
Macro & Markets ·
U.S. spot Ethereum ETFs have experienced 23 consecutive trading days of net outflows, according to on-chain analytics firm Glassnode, marking the longest such streak since the products launched. The sustained withdrawals signal a reversal in sentiment among traditional finance investors, who had built significant ETH positions during August and September.
The outflow pattern reflects a shift in institutional behavior following a period of accumulation earlier this year. The consecutive daily withdrawals represent a material change in fund flows compared to the initial phases of U.S. spot Ethereum ETF adoption.
It remains unclear what specific catalysts drove the recent shift in institutional demand or whether this streak signals a lasting change in investor positioning or a temporary pause in accumulation.