Ethereum ETFs Have Lost $1.1 Billion in Three Weeks. What Would Bring Buyers Back?

Impact · against what's priced in

The news is largely a confirmation of the bearish trends already reflected in Coinbase and BlackRock's valuations. The only material new catalyst is the delay of the Glamsterdam network upgrade, which adds fresh downward pressure to the Ethereum ecosystem.

COIN−0.10

Already priced in

The price assumes

Three consecutive quarters of missed earnings expectations and a Q2 GAAP net loss

The 18.5% year-over-year revenue drop to $1.22 billion in Q2 is already reflected in the price, and the continued ETF outflows merely confirm the ongoing weakness in the Consumer and Institutional segments.