Spot Ethereum ETFs head for fourth straight week of outflows as Coinbase Premium hits June low
- —ETH ETFs shed $110.5 million on Thursday, with only two inflow days in the past 18 sessions
- —Coinbase Premium Index at -0.137, the lowest since June when ETH traded near $1,500
- —Ethereum exchange reserves are rising again after a 170K ETH drop over two days
- —ETH saw $60.5 million in liquidations in 24 hours, including $50.1 million in longs
Why it matters: ETF outflows and a negative Coinbase premium point to weak US demand; a break below $2,355 would expose $2,205.
Source: FXStreet Crypto