Ethereum

Uniswap

ETF COIN

Ethereum (ETH) rose 4% as inflows into Ethereum exchange-traded funds (ETFs) increased and decentralized exchange (DEX) tokens posted notable gains.
<h2 id="ethereum-and-dex-tokens-rise-as-eth-etfs-see-positive-inflows">Ethereum and DEX Tokens Rise as ETH ETFs See Positive Inflows</h2>
Data from SoSoValue reveals that US-listed spot Ethereum ETFs experienced net inflows of $4.93 million on Monday.
Notable contributors to this positive trend included Fidelity’s FETH, which saw $3.98 million in inflows, Franklin Templeton’s EZET with $1 million, and Bitwise’s ETHW with $2.86 million. In contrast, Grayscale’s two funds reported no inflows at all, and VanEck’s ETHV saw an outflow of $2.92 million.
In comparison, Bitcoin ETFs collectively saw daily inflows of $27.87 million, but individual performances varied.
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-announces-it-will-delist-numerous-altcoin-trading-pairs-here-are-the-altcoins-that-have-been-delisted/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Exchange Binance Announces It Will Delist Numerous Altcoin Trading Pairs! Here Are The Altcoins That Have Been Delisted</a>
Grayscale’s GBTC saw an outflow of $11.7 million, while Bitwise’s BITB faced an outflow of $17 million. Bitcoin (BTC) was trading above $59,200 on the East Asia business day, up 1.25%.
The surge in ETH was further supported by gains in several major DEX tokens, with Uniswap’s UNI up 3.8%, DYDX up 5.5%, and Gnosis’s GNO up 5.3%, all contributing to ETH’s outperformance relative to BTC on Tuesday.
In the broader DeFi ecosystem, Ethereum fees totaled $40.46 million for the first half of August, while Uniswap took in $23.64 million in fees. Uniswap is on track to surpass July’s $47.4 million in fees and potentially challenge June’s record of $54 million.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/both-ethereum-and-dex-tokens-soared-as-ethereum-etf-inflows-continue-here-are-the-rising-dex-tokens/" rel="noopener noreferrer nofollow">Both Ethereum and DEX Tokens Soared as Ethereum ETF Inflows Continue! Here Are the Rising DEX Tokens</a>

Both Ethereum and DEX Tokens Soared as Ethereum ETF Inflows Continue! Here Are the Rising DEX Tokens

Table of Contents

Bitcoin Sistemi EN

Other articles published on Aug 13, 2024

Future of Interoperability with MoonTON

Bad News for Binance US from the Court! US Court of Appeals Overturns Decision on This Altcoin!

Is Bitcoin Price Breakout In Sight As It Returns to Previous Cycles?

Weekly Article Recap: 7/29-8/02

Do Kwon to be Extradited to South Korea: Montenegro Court Upholds Decision

Weekly Article Recap: 8/05-8/09

Join our free newsletter for daily crypto updates!