Ether holds near $2,000 as US-listed ETFs see $242M outflows

Ether traded near $2,000 in recent sessions as US-listed Ether ETFs logged around $242 million in net outflows, market trackers show. The token has struggled to sustain moves above roughly $2,150 since early February, following a rebound from a mid-February low around $1,744, and Deribit options data showed elevated 30-day delta skew reflecting increased demand for downside protection among professional traders. Market commentary said institutional demand for Ether has cooled as investors favor short-term US government bonds amid elevated funding costs, with the US 2-year Treasury yield near 3.4%, ETH staking yield near 2.9%, and annual ETH supply growth around 0.8%.