Ethereum

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<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

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