Ethereum ETFs Record Over $600M In Outflows — Warning Signal For Traders?

The price of Ethereum endured significant selling pressure over the past week, reflecting the current climate of the crypto market. The latest data shows that the spot US-based Ethereum ETFs (exchange-traded funds) did not have it any better, as significant capital flowed out of the market in the past week. Ethereum ETFs Weekly Outflow Exceeds $600 Million In a Quicktake post on the CryptoQuant platform, market pundit CryptoOnchain revealed an overwhelming exodus of institutional capital from the Ethereum market. More specifically, the analyst highlighted that over $600 million in capital flowed out of the US-based spot Ethereum ETFs over the past week.  The relevant indicator here is the ETH ETF Net Flow metric, which monitors the net movement of capital (in millions of USD) into or out of the Ethereum exchange-traded fund market. Related Reading: Why XRP Price Is Playing Catch-Up Despite Successful ETF Launch: Analyst BlackRock’s iShares Ethereum Trust (with the ticker ETHA) is the p