Bloomberg: US ETH spot ETF has experienced 13 consecutive days of net outflows, marking the longest outflow period since its launch

According to Bloomberg, US exchange traded funds that directly invest in ETH have experienced the longest outflow record since its launch in July 2024. Nine ETFs have experienced net outflows for 13 consecutive days, with a total outflow of approximately 415 million US dollars. In contrast, Bitcoin ETFs in the United States have rebounded from a period of weakened investor demand, achieving net inflows for six consecutive days as of March 21. Standard Chartered Bank lowered its year-end target price for ETH by 60% to $4000 in a report last week, citing concerns about Ethereum's scalability. The bank stated in a report that Ethereum has been largely commodified within its self created L2 framework, raising doubts about its long-term competitive advantage.