List of Flash News about Market Outflows
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Ethereum (ETH) Price Analysis: Spot ETH ETFs See Record June Outflows as Price Dips Below $2,500
According to @FarsideUK, U.S.-listed spot Ethereum (ETH) ETFs recorded their largest single-day net outflow in June, totaling $11.3 million on Friday. The data from Farside Investors shows this pullback was primarily driven by a $19.7 million outflow from BlackRock’s ETHA ETF, its first negative flow of the month. In contrast, Grayscale’s ETHE saw inflows of $6.6 million, partially mitigating the institutional selling pressure. This outflow event coincided with significant price volatility, as ETH briefly dropped to a low of $2,372.85 amid a massive volume spike. However, a strong technical support zone has since formed between $2,420 and $2,430, which has been validated by multiple low-volume retests. For traders, the key resistance level to watch remains at the $2,480–$2,500 range. |