Ethereum Spot ETFs Continue Outflow Streak: $44 Million Withdrawn
Similar to Bitcoin, US spot ETH ETFs also recorded outflows of $44.37 million, extending their outflow streak. This indicates that selling pressure is not limited to Bitcoin but also affects Ethereum, pointing to a broader market sentiment.
$44.37 million in outflows from US spot ETH ETFs on June 2nd.
Extension of the outflow streak for Ethereum products.
Signals broader risk aversion across the crypto market.
Could weigh on Ethereum's short-term price performance.
Story
Negative capital flows are not limited to Bitcoin. US spot Ethereum ETFs also faced outflows of $44.37 million on June 2nd, extending the outflow streak for Ethereum-based products. This development is significant for you as it points to broader risk aversion in the crypto market. When both Bitcoin and Ethereum, the two largest cryptocurrencies, experience institutional outflows, it signals a general reluctance among investors to take or hold risk positions. Ethereum's price has seen a slight decline of 0.16% in the last 24 hours, trading around $1,997.69. Although the percentage drop is smaller than Bitcoin's, the direction of ETF flows confirms the prevailing negative sentiment. These outflows could weigh on Ethereum's short-term price performance and hinder its recovery. It is important to observe the correlation between ETF flows and the price performance of both top assets to gain a comprehensive understanding of market structure. Continued weakness in both areas could indicate a prolonged consolidation phase.
Issue context
The crypto market is showing weakness this morning, with a global market capitalization of $2.5 trillion, down 2.21% in the last 24 hours. Both Bitcoin and Ethereum continue to experience outflows from their spot ETFs, indicating declining institutional demand. Simultaneously, futures liquidations are intensifying downward pressure, as the Fear & Greed Index drops to "extreme fear."
Persistent spot ETF outflows and high liquidations indicate that the market is currently dominated by selling pressure and deleveraging. Pay close attention to ETF flow developments and macroeconomic indicators, as these can significantly influence short-term direction. Your positioning should reflect this increased volatility and uncertainty.
Market pulse
ETH
$2K
-0.16% 24h / -4.46% 7d
Fear & Greed
23
Extreme Fear
BTC Spot ETFs
-$484M
Net flow · 2026-06-02
BTC Funding
+0.0093%
20 perp markets · OI $56.1B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.