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

PANews March 24 news, according to Bloomberg, US exchange-traded funds directly investing in ETH have experienced the longest outflow record since their launch in July 2024. 9 ETFs have seen net outflows for 13 consecutive days, with a total outflow of about $415 million. In contrast, US Bitcoin ETFs have rebounded from a period of weakened investor demand, achieving net inflows for 6 consecutive days as of March 21. Standard Chartered Bank lowered its year-end target price 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.