Cointelegraph·23h ago·negative

Ether ETF outflows of $345M eclipse BitMine's ETH accumulation

Spot Ether ETFs saw $345 million in net outflows since June 17, more than offsetting $182 million in ETH accumulation by BitMine and SharpLink. Ethereum network fees fell to $10.7 million in June, down from $24.4 million in April, adding to bearish pressure.

ETH has declined 31% since May and underperformed the total crypto market cap by 8% over that period.
Ethereum network fees hit only $10.7 million in June, down from $24.4 million in April.
DApps revenue fell to $51.7 million in June from $64.8 million two months earlier.
ETH supply is becoming inflationary as staking yields remain limited and ecosystem incentives weaken.

marketImpact 5/10

Why our editor rated this negative

ETF outflows, declining network fees and falling DApps revenue paint a bearish picture for Ether in the near term, despite strong fundamentals in tokenization.

Read the full story at Cointelegraph

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Last updated 1 Jul 2026

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