Ethereum News: ETF Outflows Extend Amid Price Decline and Investor Doubts

Ethereum ETF Outflows Extend to 12 Days as Bitcoin Funds Recover

Spot Ethereum exchange-traded funds have shed $370 million in assets over the past 12 trading days, marking their longest losing streak yet. The outflows from iShares Ethereum Trust (ETHE) and Grayscale Ethereum Trust (ETHE) totaled $146 million and $106 million respectively, according to crypto data provider CoinGlass. This coincides with Ethereum’s price drop from $2,200 on March 5 to around $1,950, amid investors’ doubts about its speed and efficiency compared to blockchain rivals.

Ethereum Whales Accumulate $236m ETH in 72 Hours

Ethereum whales have doubled down on the top altcoin by market cap, accumulating an impressive $236 million worth of ETH in just three days. Despite Ethereum’s (ETH) price struggling to stay above $2,000 due to recent sell-off pressure, large-scale investors with substantial ETH holdings remain unfazed. On-chain data shows that the world’s largest altcoin by market cap has attracted significant buying activity from these large holders. Crypto analyst Ali Martinez shared a chart on March 21 revealing a spike in whale accumulation of ETH, with whales scooping up over 120,000 Ether tokens in the last 72 hours.

Public Keys: Predictions for HOOD, DTCC Doubles Down on ETH and Bakkt Is Back—Again

Public Keys is a weekly roundup from Decrypt that tracks key publicly traded crypto companies. This week: After predicting it wouldn’t survive, Bakkt Holdings has undergone another transformation. The largest securities clearinghouse in the world, DTCC, doubles down on Ethereum. Robinhood launches a prediction market for March Madness brackets. Bakkt Holdings, the crypto trading and payment solutions company listed on the New York Stock Exchange, has hired a new co-CEO, Akshay Naheta, and inked a deal.

Ethereum Supply Hits Near-Decade Low as 360K ETH Leaves Exchanges—Bullish Surge Ahead?

Over 48 hours, 360,000 ETH was moved out of exchanges, as noted by Pominnet Crypto analyst Ali Martinez. Santiment reports that Ethereum’s supply on exchanges has reached 8.97 million, the lowest since November 2015. Analysts predict that this supply shock and strong accumulation could push ETH’s price to $8,000-$10,000. Ethereum recently surpassed $2,000 but has retreated to $1,970.