Ethereum ETFs Hit $5 Million

Ethereum ETFs Hit $5 Million

By The Neath | The Darkside Of Crypto | 29 Aug 2024


Spot Ethereum ETFs in the U.S. have survived Bitcoin's recent struggles. Yesterday, Ethereum funds had a $5.8 million net inflow, their first positive day following nine days of withdrawals.

This rise coincides with Bitcoin spot ETF outflows.

According to SoSo Value, Bitcoin ETFs had a $105 million net outflow on Wednesday, with prominent players like Grayscale (GBTC) and ARK Invest's (ARKB) funds leading the exodus.

BlackRock's (ETHA) Ethereum ETF garnered $8.4 million, followed by Fidelity's (FETH) with $1.3 million. Grayscale's ETHE faced issues, with a $3.8 million outflow, despite optimistic news.

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The Neath
The Neath

Since I have been interested in crypto since 2020.I give back to the internet what I learned from the internet


The Darkside Of Crypto
The Darkside Of Crypto

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