Six-Day Losing Streak: US Spot Ethereum ETFs See $81.9 Million in Outflows

US spot Ethereum ETFs have extended their losing streak to six consecutive trading days, according to data from investment flow tracker Farside Investors. The funds recorded a net outflow of approximately $81.9 million on June 25.

The outflows were spread across several major issuers, with BlackRock's two Ethereum fund products accounting for the largest share. The data shows that BlackRock's ETHA and ETHB funds had net outflows of -$63 million and -$2.4 million respectively.

Analysts point to potential drivers of the trend, including profit-taking following Ethereum's price rally earlier in the year, macroeconomic headwinds such as interest rate expectations, and regulatory concerns that continue to hover over the crypto sector.