Ethereum

Bitcoin

Spot

Following the FED decision, inflows to spot Bitcoin ETFs increased, while outflows to spot Ethereum ETFs continued.
US spot Ethereum ETFs saw net outflows of $79.21 million yesterday, the largest daily outflow for ETH ETFs since July 29.
According to data, Grayscale Ethereum Trust (ETHE) saw an outflow of $80.55 million on Monday, representing the largest outflow since July 31.
With this figure, Grayscale was the only Ethereum ETF to record outflows yesterday, while Bitwise’s ETHW was the only one to see inflows, reporting a net inflow of $1.34 million. The other seven spot ETH ETFs recorded zero inflows.
As outflows from ETH ETFs continue, the analyst said that these outflows indicate that institutional demand for ETH is decreasing.
Speaking to CoinDesk, Peter Chung, head of research at Presto Labs, said that these outflows from ETFs indicate that institutional demand for ETH is decreasing despite recent price increases.
Peter Chung said that Ethereum’s “world computer” narrative is unappealing to traditional finance (TradFi) investors compared to Bitcoin’s widely accepted “digital gold” narrative.
<blockquote>
 “TradFi investors may not respond to ETH’s investment thesis as enthusiastically as BTC’s. Given that they know gold is a good investment vehicle as an inflation hedge, it is easy for investors to understand the concept of digital gold for Bitcoin.
 In contrast, Ethereum’s world computer narrative is much more difficult for non-technical investors to understand.”
</blockquote>
<h2 id="uncertainty-dominates-ethereum">Uncertainty Dominates Ethereum!</h2>
Augustine Fan of SOFA noted that while Ethereum gained value following the Fed’s lenient stance, the heavy ETF outflows indicate a sense of uncertainty among investors.
<blockquote>
 “Will a continued price rally lift ETH ETF inflows from their current slump? The answer likely depends on whether we see another boom in equity markets before November.
 Ethereum gained 11% last week despite nothing new. However, the recent heavy outflow from Ether ETFs suggests that investors are unsure about ETH’s bullishness and have an uncertain feeling about its future growth momentum.”
</blockquote>
Ethereum, which has gained 14.5% in the last 7 days, continues to be traded at $2,645 at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/whats-happening-in-ethereum-spot-eth-etfs-experience-their-biggest-outflow-since-july-as-price-soars-what-does-it-mean-for-eth-price/" rel="noopener noreferrer nofollow">What's Happening in Ethereum? Spot ETH ETFs Experience Their Biggest Outflow Since July as Price Soars! What Does It Mean for ETH Price?</a>

What's Happening in Ethereum? Spot ETH ETFs Experience Their Biggest Outflow Since July as Price Soars! What Does It Mean for ETH Price?

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