Slowdown in Ethereum’s spot ETF netflows may be temporary.

• Ethereum’s Spot ETF netflows were less positive, but the slowdown might be temporary
• Whale address count suggested that an active distribution phase may not yet be underway

Ethereum [ETH], at the time of writing, saw a sharp spike in active addresses on the network. Weekly active addresses climbed to a new all-time high of 17.4 million too. This massive amount of activity on the chain, despite the drop in cross-chain activity, signaled a hike in retail and institutional interest in the largest altcoin.

Not including the past four days, Ethereum Spot ETF netflows were generally positive for the majority of the previous six weeks. These heavy inflows were powerless to prevent the ETH price slide from $2,667 to $2,414 earlier in June.In fact, data from Coinglass revealed that the Spot ETF inflows have slowed down since 05 June. While this was only a couple of days of trading, it could set a trend if Monday and Tuesday also turn out to be slow