Record Inflow Streak Ends With $2.1 Million Outflow

US spot Ether exchange-traded funds (ETFs) recorded their first daily outflow on June 13, marking the end of a historic 19-day inflow streak that began May 16. According to Farside data, the funds saw 【$2.1 million】 in net redemptions, interrupting what had been the longest continuous inflow period since the products launched in July 2024.

Inflow Streak Details and Market Impact

During the 19-day stretch (excluding Memorial Day market closure), spot Ether ETFs accumulated 【$1.37 billion】 in new investments - representing 35% of their total 【$3.87 billion】 net inflows since inception. The streak peaked on June 11 with 【$240.3 million】 in single-day inflows, the highest in over four months.

——Despite the record inflows, Ether's price remains below its May 16 level of $2,620—— currently trading at $2,552 according to CoinMarketCap. This 1.44% decline over the period highlights a curious divergence between ETF flows and ETH's market performance.

Comparative Context and Market Sentiment

The previous inflow record of 18 days occurred last December, fueled by post-election crypto optimism. Industry analysts note spot Ether ETFs still lack a key feature many investors want. As BlackRock's digital assets lead Robbie Mitchnick stated in March, the products remain "less perfect" without built-in staking functionality.

Santiment analyst Brian Quinlivan observes growing optimism around Ethereum, telling Cointelegraph: "More eyes have turned to Ethereum as it plays catch-up since mid-April's market recovery." However, historical data shows Q3 typically delivers Ether's weakest returns, averaging just 0.88% since 2013.

Notable Institutional Moves

In a significant development, SharpLink Gaming became the world's largest public ETH holder on June 13, acquiring 【176,271 Ether】 worth 【$463 million】. This substantial purchase underscores institutional interest despite recent ETF outflows.

The market now watches whether the outflow represents a temporary pause or the start of a new trend, particularly with Q3's historically weak performance looming. As crypto analyst ZeroHedge noted, the disconnect between ETF flows and price action continues to puzzle observers.