Ethereum

Bitcoin

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Eric Balchunas, senior ETF analyst at Bloomberg, has some <a href="https://x.com/EricBalchunas/status/1816817278865838408" rel="noopener noreferrer nofollow">good news</a> for market participants who are disappointed by the seemingly underwhelming performance of Ethereum ETFs.&nbsp;</p>
<p dir="ltr">According to Balchunas, these products are seeing “very healthy” inflows and trading volumes.&nbsp;</p>
<h2 id="tough-days-ahead">Tough days ahead&nbsp;</h2>
<p dir="ltr">Despite this optimism, Balchunas has warned that the next few days could be “tough” for these products due to outflows from Grayscale’s ETHE.&nbsp;</p>
<p dir="ltr">On Thursday, these much-anticipated products logged $152.4 million worth of outflows. Grayscale’s ETHE bled a whopping $346 on its first day.&nbsp;</p>
<p dir="ltr">So far, Ethereum ETFs have had only one day of positive inflows, which was their debut day.&nbsp;</p>
<h2 id="will-this-be-over-soon">Will this be over soon?&nbsp;</h2>
<p dir="ltr">Still, Balchunas is convinced that the intensity of these unlocks is going to die down sooner compared to GBTC.&nbsp;</p>
<p dir="ltr">As&nbsp;<a href="https://u.today/its-over-ethereum-etfs-disappoint-community-with-massive-outflows" rel="noopener noreferrer nofollow">reported by U.Today</a>, the Ethereum price has been severely affected by underwhelming post-debut outflows, as well as the most recent stock market drop.&nbsp;</p>
<p dir="ltr">Still, some market analysts are convinced that Ethereum's bearishness will subside in the near future. Digital expert Miles Deutscher recently called the Ethereum pullback "an opportunity," while adding that Bitcoin also&nbsp;<a href="https://u.today/ethereum-pullback-is-an-opportunity-leading-analyst-says" rel="noopener noreferrer nofollow">endured</a> a major correction shortly after the ETF launch only to hit a new record high in March.</p>

There's 'Good News' for Ethereum ETFs Amid Disappointing Outflows, Top Analyst Says

Innholdsfortegnelse

U_Today

Andre artikler publisert på 26. juli 2024

TON Launches W5 Smart Wallet with Gasless Fee Functionality

North Korean Hackers Suspected in $235M WazirX Crypto Heist

How Pro-Crypto is Trump's VP Pick JD Vance?

There Are New Rumors About Presidential Candidate Kamala Harris’ Wild Bitcoin Claim – Confidentia...

Kamala Horris Memecoin Rises 30% After Obama Supports Harris

Bitcoin Climbs as Investor Optimism Grows

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!