The iShares Ethereum Trust (ETHA) recently led a 10-consecutive-day inflow streak for spot Ethereum ETFs. ETHA recorded a $53.6 million influx during the final day of this period. This streak concluded as of April 22. Analysts previously suggested that sustained institutional demand was creating a price floor for the asset.
Market reports from April 24 now indicate a shift to renewed outflows for these funds. Digital assets are trading with a softer tone due to geopolitical tensions across the broader market. Macro sentiment is currently preventing Ethereum from acting as a market leader.