ETH Price Stalls as ETF Inflows Stay Weak

• The inflows in spot Ethereum ETFs turned negative, shocking investors.
• The spot ETH ETFs have witnessed outflows worth $13.53 million.
• Grayscale’s ETHE has bled a massive $2.43 billion, turning the net inflows negative.

Ethereum ETFs, approved in the US in May, have experienced negative net inflows, signaling a lukewarm reception from investors.

This underwhelming performance contrasts with the strong debut of Bitcoin ETFs earlier this year. The Grayscale Ethereum Trust (ETHE) has seen significant outflows, contributing to the overall negative trend.

The poor performance of Ethereum ETFs have led to ETH price action being weaker compared to other altcoins. The leading digital asset has also struggled to break above the $3,000 price level. On the other hand, following the approval of spot Bitcoin ETFs, Bitcoin made a new all-time high in March around the $73,000 price region. A similar effect failed to substantiate for ETH.

The Ethereum ETFs are struggling.

Since their launch, they have recorded negative total net flows.

This is primarily due to the Grayscale Ethereum Trust bleeding cash.

It's a similar story to the Bitcoin ETFs, except for ETH there isn…

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