Ethereum ETF Outflows Exceed $900 Million as Price Challenges Remain

Ethereum’s price has experienced significant downward pressure throughout 2024, with the price falling below $1,600 earlier this week. This bearish trend is fueled by outflows from Ethereum exchange-traded funds (ETFs) in the United States, which have totaled over $900 million since Donald Trump reintroduced trade tariffs. This has resulted in a decrease of more than 60% in net asset values of ETH ETFs, dropping from $14.28 billion in December 2024 to just $5.25 billion.