Ethereum ETFs Lose $340M in First Week of Trading
During their first week of operation, spot Ether exchange-traded funds experienced negative net flows.
During their first week of operation, spot Ether exchange-traded funds experienced negative net flows.
The outflows from the Grayscale Ethereum Trust ETF (ETHE) have exceeded $1.5 billion, with a single day net outflow of $356 million on July 26.
US-based spot Ethereum exchange-traded funds (ETFs) have experienced a mixture of inflows and outflows.
The second day of trading for the Ethereum ETFs saw strong volume, but demand has since cooled off after a strong start.
Digital asset manager Hashdex has taken a significant step towards offering a combined spot Bitcoin and Ether exchange-traded fund (ETF) in the United States.
Spot Ethereum ETFs experienced a total outflow of $133.3 million on July 24, as reported by Fidelity Investments.
On their first day of trading, spot Ether exchange-traded funds listed in the United States generated roughly $1.08 billion in trading volume, approximately 23% of the amount seen by spot Bitcoin ETFs on their opening day.
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