US Spot Ethereum ETF registers net outflows for 23 consecutive trading days, marking the longest streak since its launch.

on November 1, according to Glassnode data, the US spot Ethereum ETF has experienced net outflows for 23 consecutive trading days, setting a record for the longest consecutive net outflow streak since the launch of related products.

Glassnode noted that this trend reflects the sustained weak demand for Ethereum among traditional financial investors. Previously, traditional investors had made substantial purchases of Ethereum ETFs in August and September of this year, but capital flows have now clearly reversed.