# Ethereum spot ETF liquidity declines after listing 📉

Since the listing of nine Ethereum spot ETFs on July 23, the average 5% market depth of ETH on US CEX has dropped by 20%, leaving only about $14 million. Weaker liquidity makes large transactions more sensitive. CCData data shows that the cumulative outflow of ETFs exceeds $500 million, and the price of ETH has fallen by more than 25% to $2,380. Analysts believe that poor market conditions and reduced trading activity in the summer are the main reasons.

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