Ethereum ETFs finished the week hitting an unlucky 13—that is, 13 straight days of collective outflows across the American funds.
While Bitcoin flows have bounced back, showing six straight days of positive flows after a bloody stretch earlier this month, ETH funds have now shed just shy of $390 million over the last 13 trading days, per data from Farside Investors.
At the Digital Assets Summit this week, BlackRock Head of Digital Assets Robert Mitchnick said that enabling staking functionality—something that multiple fund operators are asking the SEC to permit—could turn the tide and make Ethereum ETF investment more attractive.
“A staking yield is a meaningful part of how you can generate investment return in this space,” Mitchnick said.
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