The 19-day consecutive capital inflow chain of US spot ETF Ethereum funds ended on Friday, as the market was negatively impacted by geopolitical tensions, recording a net outflow of 2.2 million USD.
Previously, the longest capital inflow chain was 18 days at the end of 2024. According to data from SoSoValue, only two funds showed significant movement: Grayscale Ethereum Mini Trust (ETH) attracted 6.7 million USD, but was offset by Fidelity's FETH fund withdrawing 8.9 million USD.
The capital inflow chain started from May 16th, with many sessions seeing ETH funds attracting more capital than Bitcoin ETFs. To date, Ethereum spot ETFs are holding over 10 billion USD in net assets – the highest level since their launch in July 2024.
However, escalating tensions between Israel and Iran caused the crypto market to plummet on Friday, ending the capital inflow chain and leading to over 1.1 billion USD being liquidated across the market. ETH price dropped approximately 8% over the past 48 hours.
A bright spot is SharpLink Gaming – a company that just purchased 463 million USD of ETH, becoming the second-largest individual ETH holder after Ethereum Foundation. However, the company's stock remained flat after dropping 70% due to recent SEC filing impacts.
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The article Ethereum Spot ETF Ends 19-Day Capital Inflow Chain first appeared on CoinMoi.
