Ethereum (ETH) slipped near $1,711 as spot ETF outflows stretched toward a seventh week, even as the network's own staking data pointed the other way.
Key Points:
- Spot Ethereum ETFs logged a sixth straight week of redemptions, with another red week now forming.
- Validator entry demand sits about 12 times above the exit queue, and the stETH peg held through a steep June drop.
- Fresh inflows into XRP, Solana and Hyperliquid funds hint at an early rotation within crypto.
ETF Outflows Deepen Again
Spot Ethereum funds shed about $10 million in net redemptions last week, a sixth straight red week. Bitcoin (BTC) funds matched the run, a 30-day drain that set a record near $6.35 billion and dragged total fund assets down to roughly $78 billion from above $100 billion in mid-May. The selling is cooling for Ether, even so, with the latest weekly exit running well below the heavier redemptions that hit the category through mid-May.
A fresh trading week has only just opened, and Friday's closing tally will decide whether the streak for both majors reaches a seventh week or finally breaks. Headline fund numbers tell only part of the story.
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Ethereum Staking Demand Holds
On-chain signals clash with the ETF exit. The validator exit queue holds about 223,000 ETH waiting to unstake, against roughly 2.68 million more lined up to get in. That gap runs about 12 times in favor of fresh staking over exits, the opposite of what a broad sell wave looks like.
Daily validator deposits have turned net positive over the past 10 days, after a spell of heavier exits earlier in June. The stETH peg, meanwhile, held near 1.0 through Ether's roughly 20% June drop.
XRP And Solana Funds Draw Cash
While the majors bled, XRP (XRP) funds drew a fresh $10.66 million last week, lifting the product's cumulative haul to a record near $1.45 billion. Solana (SOL) products added $7.11 million over the same span. Hyperliquid (HYPE) funds, for their part, have not printed a red week since their mid-May launch, pulling near $185 million across barely six weeks of trading.
Analysts frame the divergence as money rotating across the asset class rather than fleeing it, leaving open whether the shift is seasonal or a deeper break from the two majors.
The alt inflows stay small beside Bitcoin and Ether, even so, which keeps the pattern an early and weak read rather than a confirmed trend for now.
Ether has had a rough run into the summer. The token traded above $2,000 a month ago before sliding through June, and its funds have now leaked for six weeks running, down close to $1 billion since the mid-May sell-off began. A network that keeps drawing validators while its ETFs bleed leaves the asset oddly placed, neither abandoned nor clearly in favor.
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