Ethereum’s institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively without yet breaking the broader price structure.
US spot $ETH exchange-traded funds recorded $50.76 million of net outflows on Oct. 5, extending their losing streak to five consecutive sessions, according to SoSoValue data. The products have shed $205.88 million since Sept. 29, reducing cumulative net inflows to about $13.75 billion.
The streak followed a $17.1 million inflow on Sept. 28 and has coincided with $ETH trading near $2,711, leaving one of the market’s major sources of incremental demand in retreat.
