Odaily Planet Daily News: Citibank's latest research report pointed out that since the launch of the Ethereum spot ETF in the United States on July 23, the overall performance of the cryptocurrency market has been weak. The report shows that Bitcoin and Ethereum spot ETFs have experienced net outflows in the past month, and the demand for cryptocurrencies has declined significantly. Search interest and network activity are both in a slump, and futures funding rates turned negative in August. Citi analyst David Glass said that ETF fund flows may continue to be sluggish until the prospects for a "soft landing" or "hard landing" of the US economy become clear. It is worth noting that the stablecoin market has grown against the trend, and supply has continued to rise during the market adjustment in August. Citi believes that this trend reflects the complexity of the crypto market and the differentiated attitudes of investors towards different crypto assets. (Coindesk)

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