Bloomberg: The U.S. ETH spot ETF has seen a net outflow for 13 consecutive days, marking the longest outflow period since its launch
According to a report by PANews on March 24, citing Bloomberg, the US exchange-traded fund that directly invests in ETH has experienced its longest outflow record since its launch in July 2024. Nine ETFs have had net outflows for 13 consecutive days, with a total outflow of approximately $415 million. In contrast, the US Bitcoin ETF has rebounded from periods of weakened investor demand and achieved net inflows for six consecutive days as of March 21.
Standard Chartered Bank lowered its year-end target price for ETH by 60% to $4,000 in a report last week due to concerns about Ethereum's scalability. The bank stated in a report that Ethereum "has essentially become commoditized within its self-created L2 framework," which raises doubts about its long-term competitive advantage.
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