According to @glassnode, Ethereum (ETH) experienced significant institutional outflows as U.S. spot ETH ETFs recorded their largest single-day net outflow of June at $11.3 million. Data from Farside Investors shows this was primarily driven by a $19.7 million outflow from BlackRock’s ETHA ETF, its first negative flow for the month. In contrast, Grayscale’s ETHE and VanEck’s ETHV saw combined inflows of $8.4 million, indicating mixed institutional sentiment. From a trading perspective, ETH saw a volatile dip to $2,372.85 on a volume spike nearly five times the daily average, but quickly found strong support in the $2,420–$2,430 range. The price has since formed an ascending trendline of higher lows, but faces key resistance at the $2,480–$2,500 level, a critical zone for traders to watch for a potential breakout or rejection.

According to Crypto Rover, institutional accumulation of Ethereum is accelerating with $281 million flowing into spot ETH ETFs this week (source: @rovercrc, June 7, 2025). This significant inflow highlights growing institutional confidence in Ethereum and signals increased trading volume and liquidity in ETH markets. Traders should monitor these developments closely, as large-scale ETF inflows often precede heightened price volatility and can impact both short-term and long-term ETH price action. The trend also strengthens Ethereum's position in the broader crypto market, with potential spillover effects for related altcoins.

According to Crypto Rover (@rovercrc), the Spot BTC ETF experienced a significant outflow of $134.3M yesterday, while the Spot ETH ETF saw a $10M outflow. This movement could indicate a shift in investor sentiment towards these cryptocurrencies.