Ethereum

<ul><li>Ethereum spot ETFs saw a $133 million net outflow on the second day of trading after a strong debut.</li><li>Fidelity&#39;s Ethereum Fund led with $74.5 million in inflows, outperforming BlackRock&#39;s iShares Ethereum Trust.</li><li>Grayscale’s Ethereum Trust ETF experienced a massive $327 million outflow, highlighting market volatility.</li></ul>On July 24, US Ethereum spot exchange-traded funds (ETFs) experienced a notable shift. A <a href="https://x.com/WuBlockchain/status/1816322610323677457" rel="noopener noreferrer nofollow">post</a> by Wu Blockchain revealed that these ETFs experienced net outflows totaling $133 million. This downturn followed a promising <a href="https://cryptotale.org/ethereum-spot-etfs-launch-with-1b-volume-as-whales-accumulate-112-9k-eth/" rel="noopener noreferrer nofollow">debut</a> that had seen substantial inflows. Investors quickly reacted, altering the landscape of these newly launched financial products.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdPqPj8pO_JB01mKFlFzTnCKI5K-srqRI2ygnVlXExB8Gj6cHJlbHK3ko1EBBIh4yRGU6j4P86KkrXYrdaWbwfwvR3PAkry3L0-BYId2X9d1v063sRq1FqzUwk_x2gk_clUyRh9w97vCuH9Ohcm0WtsICs?key&#61;Dx2hHpjF9pi8QTEF0Pzw8w" />The initial enthusiasm for Ethereum spot ETFs, which began with impressive inflows, faced a sudden reversal. Fidelity&#39;s Ethereum Fund (FETH) led the day&#39;s inflows, securing $74.5 million. This performance was a sharp contrast to BlackRock&#39;s iShares Ethereum Trust (ETHA), which gathered only $17.5 million. On its first trading day, ETHA had dominated the market with over $266 million in inflows, highlighting the volatility and shifting investor sentiment within just 48 hours.<a href="https://cryptotale.org/ethereum-spot-etfs-witness-significant-net-outflows-on-second-day/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Spot ETFs Witness Significant Net Outflows on Second Day

CryptoTale

Other articles published on Jul 26, 2024

PCE Inflation: Wall Street & Economists Predict Fed Rate Cuts Timeline

Historic IT Outage Proves Bitcoin's Resilience, Baden Bower Spots PR Opportunity

bitFlyer Acquires FTX Japan, Rebrands as New Custody Company

Bitcoin Up More Than 4% In 24 hours

Bitcoin Investors Assess Market Trends

TON Price Flashes Multiple Sell Signals, Should You Sell?

Join our free newsletter for daily crypto updates!