Glassnode: U.S. Spot ETH ETFs Have Seen 23 Consecutive Days of Net Outflows

U.S. spot ETH ETFs have recorded net outflows for 23 consecutive trading days—the longest streak of consecutive outflows since their launch, according to on-chain analytics platform Glassnode, which highlighted the trend in a post published on October 31. The post notes that ETF investors are continuing to exit Ethereum and includes supporting charts. Glassnode further analyzes that this reflects weakening demand for Ethereum from traditional investors—demand that had previously surged in August and September.