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Ethereum ETFs Bleed $12.85M: Why ETH Remains Trapped in a Bearish Spiral

U.S. spot Ethereum ETFs recorded $12.85 million in net outflows as institutional demand continues to weaken, leaving ETH vulnerable to further downside. A Vitalik-linked wallet transfer of 7,000 ETH adds additional uncertainty to an already fragile market structure.

June 28, 2026