TLDR
- Ethereum ETFs recorded their first net outflow in 19 trading days on June 13.
- The outflow totaled $2.1 million and ended a record-breaking streak of consecutive inflow days.
- During the 19-day streak, Ethereum ETFs accumulated $1.37 billion in net inflows.
- Despite the inflows, Ethereum is now trading lower than it was at the start of the streak on May 16.
- Ethereum’s open interest dropped by 19 percent, raising concerns about weakening market momentum.
Ethereum ETFs recorded their first net outflow in 19 trading days, signaling a pause in sustained institutional interest. On June 13, the funds posted $2.1 million in net outflows, ending the longest inflow streak since launch. Meanwhile, Ethereum’s open interest fell by 19%, raising concerns about the market’s short-term momentum.
Ethereum ETFs End Record Inflow Streak
The 19-day inflow streak began on May 16 and accumulated $1.37 billion in total inflows. This figure represented about 35% of Ethereum ETFs’ total net inflows of $3.87 billion. The streak excluded May 26 due to the U.S. Memorial Day holiday.
The previous longest streak lasted 18 days and ended on December 19 amid broader crypto market optimism. Despite sustained buying activity, ETH failed to gain significantly in price during this period. Ethereum traded at $2,620 on May 16 and is currently lower despite the inflow surge.
ether has had a record 19 days of ETF inflows… and its price is now lower than it was at the start of this period pic.twitter.com/N2r6CahFwC
— zerohedge (@zerohedge) June 13, 2025
Weak Confidence Hits Ethereum ETF Momentum
On June 11, Ethereum ETFs saw their largest single-day inflow in four months, totaling $240.3 million. However, the following outflow suggests weakening confidence or profit-taking after the recent streak. Falling open interest supports this, with a sharp 19% decline in ETH derivatives activity.
Many investors see staking as a missing feature in Ethereum ETFs that could boost long-term demand. BlackRock executives acknowledged the product’s limitations without staking support earlier this year. Without yield incentives, the products may struggle to compete with alternative investment options.
Market Recovery Slows Despite Institutional Accumulation
Despite recent outflows, optimism toward Ethereum remains in some circles, although market data paints a mixed picture. Q3 typically delivers weak returns for ETH, averaging just 0.88% since 2013, which may cap enthusiasm. However, SharpLink Gaming acquired 176,271 ETH on June 13, becoming the largest publicly traded Ethereum holder.
Ethereum ETFs continue to attract attention, but sustained growth may require product enhancements and stronger market sentiment. As volatility returns, the next few weeks could shape the trajectory of Ethereum ETFs. With both retail and institutional behaviour shifting, all eyes remain on ETH’s next move.
