As of now, Ethereum is priced at 1,580 USD, experiencing significant pressure from a 60% drop in the total net assets of its ETFs. This decline has brought the assets down to 5.25 billion USD from a high of 14.28 billion USD.
Justin Sun, founder of Tron, stated that he will not liquidate his ETH holdings, emphasizing ongoing collaboration with Ethereum developers. He believes that maintaining these assets is vital, despite the adverse market conditions.
Recent data shows that ETH ETF outflows have totaled 909 million USD since tariff implementations, reflecting a cautious sentiment among institutional investors. Additionally, Galaxy Digital’s recent deposits of 79.37 million USD worth of ETH into exchanges signal ongoing trading activity amidst the downturn.
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