Ethereum ETFs Experience Record Outflows Amid Scalability Concerns

According to PANews, U.S. exchange-traded funds (ETFs) directly investing in Ethereum (ETH) have faced their longest streak of outflows since their launch in July 2024. Nine ETFs have experienced net outflows for 13 consecutive days, totaling approximately $415 million. In contrast, U.S. Bitcoin ETFs have rebounded from a period of reduced investor demand, recording net inflows for six consecutive days as of March 21. Standard Chartered Bank recently lowered its year-end target price for ETH by 60%, setting it at $4,000 due to concerns over Ethereum's scalability. The bank's report indicated that Ethereum has essentially become commoditized within its self-created Layer 2 framework, raising doubts about its long-term competitive advantage.