March 24th news, according to Bloomberg, the U.S. exchange-traded fund that directly invested in ETH suffered its longest outflow record since it launched in July 2024. Nine ETFs have had net outflows for 13 consecutive days, with total capital outflows of approximately US$415 million. By contrast, the U.S. Bitcoin ETF has rebounded from a period of weakening investor demand, with net inflows for six consecutive days as of March 21. Standard Chartered cut its year-end price target of ETH by 60% to $4,000 in a report last week, citing concerns about Ethereum’s scalability. The bank said in a report that Ethereum is “largely commodified within its own L2 framework”, which raises doubts about its long-term competitive advantage.