Spot Ether ETFs Shed $952M Over 5 Days as Recession Fears Grow
Despite the outflows, ether rose by more than 16% in the past month, driven in part by the passage of the GENIUS Act.
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Despite the outflows, ether rose by more than 16% in the past month, driven in part by the passage of the GENIUS Act.
Since the beginning of June, ether treasury companies and ETH ETFs have purchased a massive 4.9% of the crypto’s circulation, the bank’s Geoff Kendrick said.
Most cryptos have taken out their Sunday flash crash lows late in the U.S. session on Monday.
The company now holds 102,237 ether worth about $489 million.
With ETH near record highs and Tom Lee eyeing $15,000 by the end of this year, investors weigh exposure through direct tokens, spot ETFs or corporate treasuries.
Powell’s dovish tone sent ether to fresh highs, but nearly $400 million in liquidations show just how stretched traders were heading into the move.
While Powell’s stance supports a crypto rally, potential risks include corporate treasury adoption challenges and equity market volatility.
With Bitcoin demand cooling and profit-taking accelerating, investors are rotating into ether and a handful of resilient plays while retail “altseason” fades.
Tensions in the Middle East are fueling a flight to safety, with traders rotating out of altcoins into stablecoins and bitcoin amid uncertainty around U.S. military escalation and sticky inflation.
Ether held $2.5K despite spot ETF outflows, as whale and shark wallets holding 1K–100K ETH added 1.49M coins and increased their share of supply to 27%.