Since the launch of nine Ethereum spot ETFs on July 23, the average 5% market depth for ETH on U.S. centralized exchanges (CEX) has decreased by 20%, falling to approximately $14 million. This reduction in liquidity has increased sensitivity to large trades.
According to data from CCData, Ethereum spot ETFs have seen a cumulative outflow of over $500 million since their listing, with Ethereum’s price dropping more than 25% to $2,380. Analysts attribute the decline to poor market conditions and reduced trading activity during the summer months.
