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Odaily reported that, according to SoSoValue data, yesterday (Eastern Time, June 18), the total net outflow from spot Ethereum ETFs was 12.7674 million US dollars. The spot Ethereum ETF with the largest single-day net outflow yesterday was BlackRock ETF ETHA, with a net outflow of 12.7674 million US dollars for the day. The historical total net inflow of ETHA currently stands at 1.1316 billion US dollars. As of the time of writing, the total net asset value of spot Ethereum ETFs is 9.304 billion US dollars, the ETF net asset ratio (relative to Ethereum’s total market cap) is 4.51%, and the historical cumulative net inflow has reached 1.1176 billion US dollars.

```htmlJinse Finance reported that on June 19, crypto analyst Murphy stated that he fully agrees with the viewpoint mentioned by @Guilin_Chen_: at this stage, STRC's depegging can be considered as an extreme market test. STRC's depegging has temporarily deprived it of financing capability, and the timeframe for reprofiling will affect the market's level of concern about whether MSTR will “sell coins” again. Last time, MSTR only sold 32 BTC — although I believe this was more like disguised expectation management rather than actual selling pressure — but it shattered some long-term investors' psychological defenses. The day after MSTR announced coin selling, LTH net holdings began to decline. The speed of distribution surpassed the rate of LTH accumulation plus STH conversion, which shows the strength of the momentum. The market, originally in a weak supply-demand equilibrium, was disrupted by this sudden excessive supply, which also accelerated BTC’s sharp drop from 74,000 to 60,000. Therefore, now the entire market is focused on the “STRC depegging” event, essentially showing heightened sensitivity to whether MSTR will continue to sell coins. If another round of large-scale LTH distribution is triggered, the current market demand simply cannot absorb it. Conversely, whenever there is a chain reaction in the market, the resulting liquidity is most suitable for large funds to accumulate chips. So, when negative news is released but prices become difficult to push down, it means some kind of extreme test is almost coming to an end.```

According to monitoring by AiCoin, there was a large outflow of funds from the US spot BTC ETF market yesterday, with a net outflow as high as $90.7 million. Among these, the main outflow was from IBIT, with a single-day net outflow of $96.7 million; next was HODL, with $4.4 million. According to the [Spot BTC ETF Tracker] live trading strategy developed by AiCoin, ETF fund inflows and BTC prices have a significant positive correlation. You can subscribe to indicators and enable the program to place orders automatically based on fund flows. The data is for reference only.