eth etfs saw $-130.6m in outflows today, second straight day of red. five-day total now $-235.9m against a $13.4b aum base. cumulative net inflow since launch sits at $11.9b, so we’re still deep in the green on the big picture. for this outflow streak to flip, spot eth would need to hold above a key short-term support level and stop bleeding into the close. daily value traded was $0.6b, so liquidity is fine but direction is not.

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Originally published on FalsifyLab Substack.