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U.Today - On June 6, Ethereum spot ETFs recorded a net inflow of $25.22 million, extending their streak to 15 consecutive days of positive inflows, according to SoSoValue. This continued momentum has further cemented Ethereum’s lead over Bitcoin in terms of weekly ETF activity.
Combined, all U.S.-based spot Ethereum ETFs have now attracted over $281.07 million in inflows over the past week, significantly outperforming Bitcoin ETFs, which experienced $128.81 million in net outflows during the same period.
Bitcoin ETFs saw their inflow streak snapped on May 29, following a sharp $346.8 million outflow. In contrast, Ethereum’s inflow streak has brought in $837.5 million to date. This represents roughly 25% of the total $3.32 billion in net inflows since spot Ethereum ETFs launched in July 2024.
If the current pace continues into the coming week, an additional $162.5 million in inflows would push the streak’s cumulative total to $1 billion, marking a major milestone for Ethereum ETF adoption.
Ethereum price activity signals potential volatility ahead
Meanwhile, Ethereum’s price action is drawing attention after a major whale transfer on June 5. A single transaction moved 61,966 ETH ($159 million) between unknown wallets, triggering speculation within the crypto community. At the time of the transfer, Ethereum was trading at $2,579.08 per token.Since then, the price has dipped, with ETH currently trading at $2,495 and seeing a 44% drop in trading volume.
After weeks of consolidating within a narrow ascending channel, Ethereum has slipped below the key 200-day EMA. This breakdown may suggest the beginning of a more extended correction phase.
However, unless volume picks up, the likelihood of significant price moves remains low in the near term. For now, all eyes remain on Ethereum’s ETF-driven momentum as investors wait to see if it translates into lasting price strength.