Ajian took another close look at the ETF data for $ETH . Since the end of September, cumulative net outflows have totaled about $2.42 billion. There have been net outflows for seven consecutive weeks, just one week short of the longest streak on record. Sigh. You could say institutional pressure is no better than $BTC
Still, ETF flows are only part of ETH demand. Ajian has never believed that ETH’s value is determined solely by ETFs, and the wider ETH community certainly doesn’t think so either. On-chain settlements, staking, DeFi, and stablecoin activity all need to be examined separately.
It’s just that at this point, institutional investment, token prices, and the ecosystem’s ability to capture value are all facing scrutiny. I wonder what more convincing answers Ethereum can offer.
Still, ETF flows are only part of ETH demand. Ajian has never believed that ETH’s value is determined solely by ETFs, and the wider ETH community certainly doesn’t think so either. On-chain settlements, staking, DeFi, and stablecoin activity all need to be examined separately.
It’s just that at this point, institutional investment, token prices, and the ecosystem’s ability to capture value are all facing scrutiny. I wonder what more convincing answers Ethereum can offer.