On-chain data reveals that U.S. spot Ethereum ETFs currently hold more than 5% of Ethereum's total circulating supply.
The data shows that Ethereum ETFs hold 6.3 million ETH in on-chain assets (valued at $26.7 billion), representing approximately 5.1% of Ethereum's current supply.
According to SoSoValue data, spot Ethereum ETFs experienced net outflows of $196.6 million on Monday, marking the second-largest single-day outflow since their launch.
This followed a remarkable streak where these ETFs accumulated $3.7 billion in inflows over eight consecutive days of rising markets. Last week saw weekly net inflows reach $2.85 billion, compared to $325.8 million the previous week.
As of 1:30 AM Eastern Time Tuesday (1:30 PM Beijing Time), Ethereum declined 1.5% over the past 24 hours to trade at $4,239, according to The Block pricing. Bitcoin fell slightly by 0.1% to $115,299.
Meanwhile, spot Bitcoin ETFs recorded outflows of $121.8 million on Monday, compared to $14.1 million in outflows on Friday.
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