Ethereum ETFs don see $17.9M comot as streak don reach 16 days
Ethereum ETFs still dey under pressure. US spot Ethereum ETFs record about $17.89M net outflows on May 29 and dem extend the losing run to 14 consecutive sessions. Earlier update show say the pressure continue into early June, with June 2 outflows of about $90.14M and the streak stretch reach 16 straight trading days — the longest since launch — with cumulative withdrawals don pass $1.2B.
Fund flows inside Ethereum ETFs mix well. BlackRock’s ETHA lead the biggest single-day outflow (about $40.72M), while im staking-linked ETHB get roughly $9.34M net inflows. Fidelity’s FETH still get positive inflows (~$10.53M). Small inflows show for Bitwise’s ETHW (~$1.44M) and 21Shares’ TETH (~$1.51M), wey suggest say some rotation dey towards staking-enabled or yield-linked exposure.
The article link the continued withdrawals to broader uncertainty: volatile ETH price moves as US Fed rate expectations dey change and regulatory friction still dey. The SEC never broadly approve staking features for most US Ethereum ETFs, so that one limit their relative appeal compared to non-US or direct-hold alternatives.
For traders, the signal no be that interest for Ethereum ETFs don collapse, but demand don split: spot funds dey face steady exits, while staking-linked products dey attract flows. Watch whether this divergence narrow (fit stabilise ETH sentiment) or widen (likely keep short-term pressure on ETH).
Bearish
Even though some rotation don go into staking-linked products (ETHB, FETH, ETHW, TETH), the overall trend for Ethereum ETFs na still be sustained net outflows — first 14 days (May 29) and later extend to 16 straight sessions (June 2) with cumulative withdrawals over $1.2B. That pattern dey usually signal caution from institutional spot demand and e dey create near-term selling/overhang pressure on ETH. For short term, flow momentum remain headwind; for longer term, any regulatory clarity on staking features or network upgrade catalysts fit reverse flows, but current data still lean negative for ETH price direction.