Ethereum spot ETFs hit prolonged redemption streak: outflows on 21 of the last 23 sessions

U.S.-listed spot Ethereum ETFs are under heavy selling pressure, with net outflows recorded in 21 of the past 23 trading days. The 10 spot Ethereum ETF products have logged just two days of net inflows since early May, on June 4 and June 8. Total net outflows reached $541M last month, underscoring the depth of the drawdown. Market participants are now debating whether the cycle's momentum has faded or if the flows reflect late-stage capitulation.