Ethereum's monthly decline reached 35%, with capital flow turning negative

According to the latest report from BestBrokers, the U.S. spot Ethereum ETF is experiencing a significant outflow of funds. ETF holdings have decreased from over 6.1 million ETH at the end of January to about 5.8 million ETH on February 23, and the total asset size has shrunk from $18.6 billion to about $11.9 billion.

In terms of market concentration, BlackRock holds about 57% of the U.S. ETH ETF share, far exceeding Grayscale and Fidelity. The ETH price has dropped approximately 35% in the past month and nearly 40% over the last three months.