U.S. Spot ETH ETFs Log 23 Consecutive Days of Net Outflows

AI Market Summary

U.S. spot ETH ETFs posted 23 straight trading days of net outflows, the longest streak since launch, per Glassnode. The persistent redemptions signal fading institutional demand for Ethereum after strong August-September inflows, leaving ETH more reliant on crypto-native flows. Sustained ETF selling pressures ETH sentiment and spot liquidity, and reinforces relative underperformance versus BTC absent a renewed institutional bid.

Impact level

● Medium

Affected assets

ETH/USDT+1.07%

AI Insight · ETH/USDTAI Insight

▼ Bearish

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Huo Xing Finance reports that Glassnode, an onchain data analytics platform, said ETF investors are pulling back from Ethereum. U.S. spot ETH ETFs have posted net outflows for 23 consecutive trading days, the longest streak since launch. Glassnode said the run signals softer demand from traditional investors, following substantial inflows in August and September. The remarks come from an Oct. 31 Glassnode post that included supporting charts.

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