US Spot Ethereum ETFs Record $219.4 Million in Five-Day Outflow Streak
June 17 marked continued withdrawals from US spot crypto ETFs, with Bitcoin losing $250 million over four days and Ethereum extending its five-day outflow streak amid shifting fund allocations.
BTC
ETH
Summary
On June 17, US spot Bitcoin ETFs recorded net outflows of approximately $250 million, marking the fourth consecutive day of withdrawals. Ethereum spot ETFs extended their streak to five days of outflows, following previous declines, with investor funds reportedly rotating into newly launched altcoin ETFs.
Terms & Concepts
- Ethereum ETF: An exchange-traded fund designed to track the price of Ethereum, enabling investors to gain exposure without directly holding the cryptocurrency.
- Spot ETF: An exchange-traded fund that directly holds the underlying asset, such as Bitcoin or Ethereum, rather than derivatives.
- Altcoin ETF: An exchange-traded fund providing exposure to cryptocurrencies other than Bitcoin, such as Ethereum or other digital assets.