On March 24th, according to Bloomberg, US exchange traded funds that directly invest in ETH have suffered the longest outflow since their launch in July 2024. Nine ETFs have seen net outflows for 13 consecutive days, with a total outflow of about $415 million. In contrast, US bitcoin ETFs have rebounded from a period of weakening investor demand, with net inflows for six consecutive days as of March 21.
Standard Chartered cut its year-end price target for ETH by 60% to $4,000 in a report last week, citing concerns about Ethereum's scalability. The bank said in a report that Ethereum was "largely commoditized within its self-invented L2 framework", casting doubt on its long-term competitive advantage.
Bloomberg: US ETH spot ETF has seen net outflows for 13 consecutive days, the longest outflow cycle since its launch
2025-03-24 10:34:13
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