Ethereum ETFs Face Significant Outflows Amid Market Volatility
Spot Ether ETFs in the U.S. experienced notable outflows in June, with a single-day net withdrawal of $11.3 million on June 20, the largest for the month. BlackRock's ETHA led the exodus with $19.7 million in outflows, while Grayscale's ETHE and VanEck's ETHV saw partial offsets with inflows of $6.6 million and $1.8 million, respectively. This institutional pullback occurred as ethereum tested key support levels, rebounding from a low of $2,372.85. Despite the short-term volatility, Ethereum's long-term prospects remain strong, with potential for recovery and growth as market conditions stabilize.
Ether ETFs See Largest June Outflows as ETH Tests Key Support
Spot Ether ETFs in the U.S. recorded $11.3 million in net outflows on June 20, marking the steepest single-day withdrawal this month. BlackRock's ETHA led the retreat with a $19.7 million exit, while Grayscale's ETHE and VanEck's ETHV partially offset losses with $6.6 million and $1.8 million inflows respectively.
The institutional pullback coincided with a technical rebound from Friday's low of $2,372.85. Ether found strong support between $2,420-$2,430, with the recovery zone validated by multiple low-volume tests suggesting accumulation. Trading volume spiked 18.97% above the seven-day average during the rebound.
Ethereum Staking Hits 35M ETH as Institutional Participation Grows
Ethereum's proof-of-stake ecosystem has crossed a significant threshold, with over 35 million ETH now staked—equivalent to 28% of circulating supply. The deepening liquidity drain from exchanges reflects a broader shift toward passive yield strategies, tightening available supply.
Corporate treasuries and institutions are driving the latest wave of staking activity. SharpLink Gaming's $463 million ETH acquisition and subsequent staking of 95% of its holdings exemplifies this trend. Such moves amplify structural supply constraints that could reshape ETH's market dynamics.
Ethereum Set to Launch Fusaka: A Key Update to Boost Scalability
Ethereum's Fusaka fork marks a strategic pivot toward incremental optimization rather than disruptive change. The update focuses on refining the VIRTUAL machine and blob management, with a measured 11% gas limit increase to 45 million units—a calculated move to enhance throughput without compromising stability.
Technical adjustments like EIP-7892 and EIP-7918 introduce smarter blob regulation, preventing network abuse while maximizing blockspace efficiency. This mirrors Ethereum's maturation into a protocol prioritizing surgical improvements over flashy upgrades.
The Fusaka devnet-2 rollout demonstrates Ethereum's commitment to iterative progress. By addressing scalability through targeted VM optimizations rather than radical overhauls, Core developers reinforce the network's position as the backbone of decentralized finance.
Ethereum Whale Nets $12.15M by Flipping Long and Short Positions
An Ethereum trader identified as 0xcB92 has captured market attention by generating $12.15 million in unrealized profits through strategic position-flipping within nine trading days. The trader Leveraged volatile ETH price movements, initiating a 25x leveraged long position with 15,000 ETH ($38.57 million) before pivoting to a short strategy that yielded $172,800 in additional funding fees.
Blockchain analytics platform Lookonchain tracked the wallet's activity beginning May 26, noting the trader's precise liquidation management at $2,441.9. This execution demonstrates sophisticated risk assessment capabilities during Ethereum's recent price fluctuations, highlighting how leveraged derivatives trading continues producing outsized returns for skilled participants.
ETH Breakout Patterns Align With Kaanch Buying Frenzy—Top Altcoins Can’t Keep Up
Ethereum's technical charts signal potential shifts as the Kaanch Network emerges as a disruptive force, drawing investor attention with its rapid presale momentum. Ethereum struggles to maintain critical support at $2,428.75, reflecting a 4.76% weekly decline. Five negative Points of Control loom above current price levels, creating a discounted buy zone amid tepid market sentiment.
The Kaanch Network positions itself as a scalable alternative to Ethereum, addressing persistent pain points like gas fees and network congestion. Its infrastructure innovations and planned exchange listings are fueling speculation of high-growth potential through 2025.
Rekt Drink Brand Expands into 7-Eleven Stores After NFT Origins
The Rekt Drink brand, born from a free NFT mint that initially struggled to gain traction, has now sold over 600,000 cans of its non-alcoholic sparkling water. Starting as a Web3 side project, Rekt has weathered the crypto bear market and secured shelf space in Southern California 7-Eleven stores.
Co-founder Ovie Faruq (OSF) reflects on the irony of the Rektguy NFT collection's slow start, which has since evolved into a mainstream beverage brand. The product's success highlights the potential for crypto-native projects to bridge the gap between digital assets and physical consumer goods.
With plans to expand to more convenience stores next week, Rekt demonstrates how blockchain communities can drive real-world adoption. The brand's journey from underwhelming NFT mint to retail distribution serves as a case study in Web3 brand building.
