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Things are looking rocky for Ethereum (ETH) lately. The price has been taking hits left and right, and now U.S.-based spot Ethereum ETFs are adding to the gloom with a record-breaking losing streak. It’s not the kind of crypto history anyone wants to make…

The Worst ETF Streak Ever

Since their launch in July 2024, the nine U.S. Ethereum ETFs have never seen a streak quite like this. For thirteen consecutive trading days, investors have been pulling out funds at an alarming rat.

This isn’t just a cold spell. It’s a loud signal of growing investor uncertainty about Ethereum’s future. Confidence is shaky, and the ETF numbers reflect that.

Meanwhile, Bitcoin ETFs…

While Ethereum is struggling to stay upright, Bitcoin (BTC) is walking tall. BTC ETFs have enjoyed seven straight days of inflows, showing that investor appetite for digital assets is still alive and well—just not where Ethereum is concerned.

As trust in Ethereum declines, Bitcoin continues to win hearts (and wallets) as the go-to digital asset for the crypto-faithful and institutions alike.

Why the ETH Gloom?

One of Ethereum’s biggest headaches remains its lack of scalability. The network continues to suffer from high transaction fees and limited processing capacity, which is not exactly appealing when Web3 promises speed and scale.

Meanwhile, Solana (SOL) is having its moment in the sun. With the ability to handle thousands of transactions per second at a fraction of the cost, it’s no surprise that developers and investors are defecting to the Solana ecosystem.

Need proof? Just look at Pump.fun, a Solana-based platform where millions of meme coins have launched almost overnight. Even attention-grabbing tokens like TRUMP found their home there. It’s hard not to notice Solana flexing hard while Ethereum watches nervously from the sidelines.

But It’s Not All Doom and Gloom for Ethereum

Thankfully, there’s a silver lining in Ethereum’s cloudy sky. On May 30, Fidelity—yes, the trillion-dollar asset manager—is launching its OnChain U.S. Treasuries Fund (a tokenized version of its FYHXX bond fund) entirely on Ethereum. That’s right: Wall Street is still betting on ETH’s tech.

The highlight? Transparency. Every transaction will be visible on-chain, bringing the worlds of TradFi and DeFi closer together. With $80 million in short-term bonds already tokenized, the fund combines the stability of traditional finance with the innovation of blockchain.

So while Ethereum may be wobbling on the ETF front, it’s still paving the way for institutional-grade blockchain adoption—and that’s not nothing.

Final Thoughts

Sure, Ethereum’s ETFs are having a record-breaking meltdown, but let’s not write the eulogy just yet. Scaling challenges are real, but so are the use cases and institutional interest.

Whether ETH rises like a phoenix or gets outpaced by newer chains like Solana will depend on its ability to innovate and adapt. But if Fidelity’s move is any sign, Ethereum isn’t done just yet—it’s just getting a reality check with a twist of DeFi.

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James Frost

I trade cryptocurrencies based on fundamentals, TA and indicators. It started as a hobby, then part time and currently full time for more than 2 years. This kind of trading and analysis is endless daily work. This means throwing all previous analyzes in the trash and starting day-to-day again. My previous experiences: CryptoSvet.cz