About 76.8 billion won has flowed out of the US spot Ethereum (ETH) Exchange Traded Fund (ETF), ending the 8-day consecutive net inflow trend. This is interpreted as a signal that investor sentiment may turn cautious for the time being.
According to market data platform Parsyside, the US spot Ethereum ETF recorded a net outflow of 59.3 million dollars (approximately 82.5 billion won) on the 5th (local time), terminating the 8-day consecutive net inflow trend. During this period, the cumulative inflow was around 3.7 billion dollars (approximately 5.143 trillion won), a time when institutional and large investors' interest was focused on the Ethereum ETF.
ETF flow is considered an important leading indicator for Ethereum price outlook. In fact, Ethereum narrowly missed recovering its all-time high of 4,878 dollars (approximately 67.83 million won) from 2021 by just 1.94% on the 4th. Subsequently, the Ethereum price dropped to 4,448 dollars (approximately 61.83 million won), raising the possibility of entering a short-term adjustment phase.
Experts view the slowdown in ETF fund inflow as a sign of weakening market expectation sentiment. For Ethereum to break through its previous all-time high, attention will also be drawn to Ethereum purchases by corporations and institutions, such as the asset incorporation movement by Ethereum treasury companies.
In the coming weeks, the Ethereum price is expected to seek direction by reflecting various factors including ETF net inflow, corporate purchase trends, and macro indicators. Whether the ETF net outflow is a temporary adjustment or a signal of full-scale profit-taking is anticipated to become clearer from next week's market response.
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