On Tuesday, how bad was the data for the $ETH spot ETF? It recorded the largest single-day net outflow since August 13, 2025, with nearly 100,000 ETH leaving. Among them, BlackRock's investors lost over 120,000 ETH in just two days over the weekend. While $BTC investors seem to be in a wait-and-see mode, some ETH investors have already begun to panic.
It's important to note that the average price of the ETH spot ETF is above $3,300, and it could even be higher. The portion being sold off now, especially that from BlackRock, is almost entirely at a loss. This reallocation is likely heading to the U.S. stock market, and traditional investors' attitudes towards cryptocurrencies seem to be gradually shifting towards pessimism, with Bitcoin being the exception.
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