Bloomberg: The US ETH spot ETF has seen net outflows for 13 consecutive days, marking the longest outflow period since its launch

ChainCatcher news, according to Bloomberg, U.S. exchange-traded funds directly investing in ETH have experienced the longest outflow record since their launch in July 2024. Nine ETFs have seen net outflows for 13 consecutive days, with a total outflow of approximately $415 million.

In contrast, U.S. Bitcoin ETFs have rebounded from a period of weakened investor demand, achieving net inflows for six consecutive days as of March 21.

Standard Chartered Bank downgraded its year-end price target for ETH by 60% to $4,000 in a report last week, citing concerns over Ethereum's scalability.

The bank stated in a report that Ethereum has "essentially commoditized within its self-created L2 framework," raising doubts about its long-term competitive advantage.