Ethereum

Flow

Spot

Elon Musk

Nine US spot Ethereum exchange-traded funds (ETFs) recorded a net outflow of $98.3 million on Monday, marking the fourth consecutive day of negative flows. This trend shows that investors' interest in these products continues to decrease.
<h2 id="us-spot-ethereum-etfs-extend-negative-streak-with-net-outflow-of-98-3-million">US Spot Ethereum ETFs Extend Negative Streak with Net Outflow of $98.3 Million</h2>
Among funds, Grayscale Ethereum Trust (ETHE) was significantly impacted, with a net outflow of $210.04 million, according to SosoValue data. ETHE has consistently seen significant outflows since its launch last Tuesday.
In comparison, BlackRock's ETHA led inflows with $58.17 million, followed by Fidelity's FETH with $24.82 million, VanEck's ETHV with $10.91 million, and $10.45 million. followed by Bitwise's ETHW with the dollar.
Additionally, Grayscale Ethereum Mini Trust reported net inflows of $4.9 million, while Franklin's EZET saw $2.52 million. There was no activity on Monday in two other spot ether ETFs managed by Invesco and 21Shares.
Related News: <a href="https://en.bitcoinsistemi.com/elon-musk-talked-about-bitcoin-btc-and-dogecoin-doge/" target="_blank" rel="noopener noreferrer nofollow">Elon Musk Talked About Bitcoin (BTC) and Dogecoin (DOGE)!</a>
Meanwhile, US spot Bitcoin ETFs showed an opposite trend on Monday, with net inflows of $124.13 million. BlackRock's IBIT was the standout performer, recording net inflows of $205.62 million, making it the only spot Bitcoin ETF to see positive net flows on the day.
In comparison, Grayscale's GBTC experienced a net outflow of $54.29 million, while Bitwise's BITB experienced a net outflow of $21.3 million from the fund and Fidelity's FBTC experienced a net outflow of $5.89 million.
Total trading volume for spot Bitcoin ETFs was significantly higher on Monday, reaching $2.68 billion, compared to $2.04 billion on Friday and $1.51 billion on Thursday.
This activity suggests stronger interest in Bitcoin ETFs compared to their Ethereum counterparts over the same period.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/negative-flow-in-us-spot-ethereum-exchange-traded-funds-etf-extended-for-four-days-here-are-the-details/" rel="noopener noreferrer nofollow">Negative Flow in US Spot Ethereum Exchange Traded Funds (ETF) Extended for Four Days! Here are the Details</a>

Negative Flow in US Spot Ethereum Exchange Traded Funds (ETF) Extended for Four Days! Here are the Details

Table of Contents

Bitcoin Sistemi EN

Outros artigos publicados em 30 de jul. de 2024

New Memecoin Pepe Eats Solana Will Hit $20 Million Before Exchange Listings, While SHIB and DOGE ...

Chainlink Join Hands With Wenia to Boost Transparency of Colombian Peso-Backed Stablecoin

DSCVR Launches Canvas: A Massive Leap for Web3 Social Embedded Apps

Disney and Pixar Characters Enter the Metaverse via Carrieverse Collaboration, CVTX Event Launches

Bitcoin (BTC) Bounce Above $67k, Rollblock (RBLK) Races Towards Presale Stage 5, Can Cosmos (ATOM...

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

Join our free newsletter for daily crypto updates!