0906 GMT - Ether's exchange-traded fund picture is cooling, not collapsing, after an inflow streak came to an end, Zaye Capital Markets' chief investment officer, Naeem Aslam, writes. "Institutional participation remains substantial rather than disappearing," he says. U.S. spot ether ETFs recorded net outflows of $2.8 million on Tuesday. The move broke a seven-day inflow streak totaling over $850 million. "Consistent ETF buying helps absorb available ether supply in the spot market and can provide a structural support layer when speculative activity weakens," he adds. Ether is up 0.15% at $2,685.