Ethereum Spot ETFs See Seventh Consecutive Week of Outflows

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Institutional demand for Ethereum (ETH) remains subdued, as Ethereum spot ETFs recorded $273 million in net outflows last week. This marks the seventh consecutive week that these products have experienced negative capital flows, sending a clear signal of ongoing investor caution. The ETH price reflects this trend, falling by 0.60% in the last 24 hours to $1,572.35, with a more significant 9.46% decline over the past seven days. The persistent outflows from ETH ETFs suggest that institutional investors are either taking profits or reducing their exposure, possibly due to macroeconomic uncertainties or a re-evaluation of risks within the altcoin sector. While Bitcoin ETFs are also seeing outflows, the sustained nature of negative flows for Ethereum is particularly noteworthy. Ethereum's funding rates are slightly negative at -0.0003%, meaning shorts are paying longs, indicating a slight short bias in the derivatives market. The Open Interest for ETH stands at $25.2 billion, also pointing to significant leverage that could exacerbate selling pressure if prices continue to decline.