Traded ValueEthereum spot ETFs recorded 11 consecutive days of net outflows totaling over $506 million, signaling weakening institutional demand. On May 27, outflows hit $67.15 million, with BlackRock’s ETHA accounting for $65.10 million. ETH trades below all key moving averages; median transfer sizes and fees dropped 80-90% from 90-day baselines, indicating reduced organic demand. Narratives question ETH’s value capture amid L2 migration and declining L1 fees.
Moreover, since early 2026, nine leading Ethereum Foundation members have resigned, and some founders sold all ETH holdings, raising stability concerns related to ETH DATs like $BitMine Immersion Tech(BMNR.US).
@Bridge Buzz SG
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