Ethereum

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-strong-interest-in-spot-ethereum-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in Spot Ethereum ETFs</a><br></p>
<p style="text-align: justify">Yesterday marked another significant milestone for the cryptocurrency world. We witnessed the trading of Spot Ethereum ETFs in the market. Cryptocurrencies have now become a reality that traditional finance must accept, solidifying their position as an important financial instrument. Let’s take a look at yesterday’s figures together.</p>
<h2 style="text-align: justify" id="first-trading-day-of-spot-ethereum-etfs">First Trading Day of Spot Ethereum ETFs</h2>
<p style="text-align: justify">Yesterday was the first trading day of <strong>Spot Ethereum ETFs</strong>. The entry of $106.78 million showed investors’ desire to invest in Ethereum. The only exit yesterday, similar to Bitcoin ETFs, occurred on the Grayscale side. Grayscale’s two Spot Ethereum ETFs saw an exit of $484 million from ETHE, while the other saw an entry of $15 million.</p>
<p><img fetchpriority="high" decoding="async" class="wp-image-373321 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/eth-1.png" alt="" width="1687" height="662"></p>
<p style="text-align: justify">There were entries in other Spot Ethereum ETFs. This indicated that the exits from Grayscale were absorbed. Significant entries were observed in BlackRock and Bitwise, with $266 million and $204 million, respectively.</p>
<p style="text-align: justify">Fidelity’s Spot Ethereum ETF saw an entry of $71 million, Franklin $13.21 million, VanEck $7.64 million, 21Shares $7.47 million, and finally, Invesco saw an entry of $5.54 million.</p>
<h2 style="text-align: justify" id="current-status-of-spot-bitcoin-etfs">Current Status of Spot Bitcoin ETFs</h2>
<p style="text-align: justify">Yesterday was a day of exits for Spot Bitcoin ETFs. The series was broken accordingly. The largest exit was from Bitwise, amounting to $70.32 million. In addition to Ark Invest’s $52 million exit, Grayscale also saw exits amounting to $27 million.</p>
<p><img decoding="async" class="wp-image-373320 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-20.png" alt="" width="1679" height="710"></p>
<p style="text-align: justify">Although BlackRock saw an entry of $71.94 million yesterday, the overall figures closed in the negative as other Spot Bitcoin ETFs recorded zero entries. With Spot Ethereum ETFs and <strong>Spot Bitcoin ETFs</strong>, the <a href="https://en.coin-turk.com/bitcoin-ripple-and-solana-market-dynamics-and-price-analysis/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> will now be more sensitive to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market conditions</a>. The coming days will clearly show the direction of these ETFs based on both Bitcoin and Ethereum prices. As of writing, Bitcoin, the flagship of cryptocurrencies, is at $65,823, while Ethereum, the leader of altcoins, is at $3,440.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-show-strong-interest-in-spot-ethereum-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in Spot Ethereum ETFs</a></h5>

Investors Show Strong Interest in Spot Ethereum ETFs

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