Ether ETFs See Outflows After Record Inflow Streak: What Does It Mean?

Spot Ether Exchange Traded Funds (ETFs) experienced outflows of $59.3 million on Friday, marking the end of an eight-day inflow streak that saw a whopping $3.7 billion flow into these products. This unexpected shift comes after Ether briefly hit its 2021 high of $4,878 before retreating to $4,448. Analysts and traders are now watching closely as the future of Ethereum hinges on sustained ETF inflows and government support.