David Edwards
U.S.-listed spot Ether exchange-traded funds (ETFs) have recorded their first daily net outflow following a historic 19-day streak of consecutive inflows, according to data from Farside.
On June 13, spot Ether ETFs reported a net outflow of $2.1 million, effectively halting the longest continuous inflow streak since the ETFs were introduced in July 2024. This streak, which commenced on May 16 and paused only for the U.S. Memorial Day market closure on May 26, surpassed the previous record of 18 consecutive inflow days set in December 2024.
Cumulative Inflows Surpass $1.37 Billion
Throughout the 19-day rally, spot Ether ETFs attracted approximately $1.37 billion in net inflows, contributing to nearly 35% of the sector’s total $3.87 billion in cumulative inflows. The inflow surge peaked on June 11, when the funds secured $240.3 million—their largest single-day inflow in over four months.
However, despite the consistent inflows, Ether’s market performance has remained subdued. Crypto analyst ZeroHedge noted on June 13 that Ether is currently trading lower than its price at the start of the streak. On May 16, Ether was priced at $2,620; by June 13, it had declined to $2,552, according to CoinMarketCap data, reflecting a modest 1.44% decrease over the past 30 days.
Staking Seen as Key for Future ETF Growth
Industry experts continue to debate the long-term growth potential of spot Ether ETFs, particularly in the absence of staking features. On March 20, Robbie Mitchnick, BlackRock’s head of digital assets, remarked that the product remains “less perfect” without integrated staking capabilities, a feature many view as essential for maximizing investor interest and yield generation.
Growing Market Optimism for Ethereum
Despite recent price stagnation, sentiment toward Ethereum remains broadly optimistic. Santiment analyst Brian Quinlivan stated on June 11 that Ethereum has been “playing catch-up” since broader market recovery began in mid-April, and that “more and more eyes have turned to Ethereum” in recent months.
Nevertheless, historical trends suggest caution. According to CoinGlass data, Ether’s third-quarter returns have averaged a modest 0.88% since 2013, marking Q3 as typically its weakest performing period.
SharpLink Gaming Becomes Largest Public Ether Holder
In a noteworthy development, sports betting platform SharpLink Gaming disclosed on June 13 that it has acquired 176,271 Ether, valued at approximately $463 million. This acquisition positions SharpLink as the world’s largest publicly traded holder of Ethereum, further underscoring institutional interest in the cryptocurrency.
