Ethereum (ETH) derivatives activity and spot Ethereum ETF flows have both cooled, with options open interest, perpetual funding and spot inflows near multi-month lows. According to BeInCrypto, ETH options open interest has slid to about $5.5 billion from roughly $8.5 billion peaks in January and March, while perpetual funding has flattened near zero after an early-June negative spike.

BeInCrypto said ETF net flows have stopped bleeding, with a few small inflow days in June, though still well below January’s $250 million spikes. ETH traded around $1,682, down nearly 5%.