Ethereum

Bitcoin

Coin

<ul class="news-points">
 <li>Ether fell 5% on July 25 and is up 2.3% at the time of writing, trading at $3,252.</li>
 <li>The spot ETH ETFs recorded net outflows worth $152 million on Thursday.</li>
 <li>Grayscale’s ETHE has recorded net outflows worth $1.16 billion since July 23.</li>
</ul>
Despite the recent approval of spot Ethereum exchange-traded funds (ETFs) by U.S. regulators, Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has continued its downward trajectory, raising concerns among investors.
CoinMarketCap <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">data showed ETH trading at</a> $3,252 at the time of writing, up 2.3% in the past 24 hours. However, ETH had dropped from the highs of $3,500 to the $3,100 price level in the past few days, leaving market participants anxious on the token’s price trajectory.
Notably, ETH is down almost 5% in the last seven days, 4% in the past month, but remains up 75% since July 2023. On the other hand, Bitcoin (BTC) posted a massive 4.4% gain in the past 24 hours and is <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">currently trading</a> around the $67,000 price region with a 5.63% surge in the trading volume of the digital asset.
A major reason for the decline in Ether’s price is the outflows from the spot Ethereum ETFs, majorly from the Grays…
The post <a href="https://coinedition.com/ethereums-paradox-etf-greenlight-fails-to-lift-ether-prices/" rel="noopener noreferrer nofollow">Ethereum’s Paradox: ETF Greenlight Fails to Lift Ether Prices</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum’s Paradox: ETF Greenlight Fails to Lift Ether Prices

Coin Edition

Weitere Artikel, die am 26. Juli 2024 veröffentlicht wurden

BitFlyer acquires FTX Japan, plans to launch crypto ETFs

Ethereum Spot ETFs Expected to Drive ETH Above $5000: Analyst

Bitcoin, Dogecoin Spike, Ethereum Remains Muted After ETF Debut: Bullish Breakout For King Crypto...

ETH ETFs launched in ‘weak market’ and could pressure Bitcoin — Analyst

Upcoming BlockDAG CEO Reveal Ignites Frenzy, Surpasses $60.9M Presale! Latest News on Fetch.ai an...

Sen Warren Warns of Security Threats Posed by Foreign-Owned Crypto Miners

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!