•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Ethereum exchange-traded funds (ETFs) extended their losing streak to four days on Thursday, shedding nearly $184 million as geopolitical uncertainty offset record highs in U.S. stocks. The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions—the largest single-day exit since March 26, according to SoSoValue data.
Cumulative flows for Ethereum ETFs now stand at $11.9 billion, down from a peak of $12.9 billion in mid-January. Despite the outflows, Ethereum’s price rose 2.2% over the same period, trading at $2,313 on Thursday, based on CoinGecko data.
The divergence suggests that selling pressure on the ETF product has not translated directly into immediate spot-market weakness.
On prediction market Myriad, users see a 55% chance that Ethereum’s next major move reaches $3,000, up from 46% on April 30.
The four-day negative streak for Ethereum ETFs coincides with broader weakness in crypto investment products. Bitcoin ETFs shed $476 million over the same four-day period ending April 30, with outflows peaking at $263 million on April 27. Cumulative net inflows for Bitcoin ETFs now stand at $58.1 billion.
The outflows came as traditional markets advanced, with the S&P 500 hitting a fresh all-time high of 7,271, supported by a rally in technology earnings. Oil prices, however, remained elevated above $120 per barrel following the UAE’s exit from OPEC.
On Myriad, users assign a 70% chance to oil’s next move taking it to $120 per barrel, down from 79% earlier today.
Geopolitical risks in the Middle East continue to cloud the outlook for risk assets. The U.S.-Iran conflict shows no signs of near-term resolution, keeping energy markets on edge and inflation expectations elevated.
On Myriad, users place a 27% chance on a U.S.-Iran diplomatic meeting by the middle of the month, down from 36% earlier today.
Ethereum and the broader crypto market now follow Bitcoin as it attempts to undo losses recorded after the Federal Open Market Committee maintained the benchmark interest rate at 3.5%–3.75% for the third consecutive meeting, citing elevated inflation fueled by rising energy prices.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
