Ethereum

Strong

Spot

<ul class="news-points">
 <li>James Seyffart said that ETH ETFs have opened bridges between TradFi and Ether.</li>
 <li>21Shares’ Federico Brokate considers the approval of ETH ETFs as an inflection point.</li>
 <li>The approval also signifies “crypto’s broader momentum &amp; adoption,” said Brokate.</li>
</ul>
The second trading day for spot Ethereum exchange-traded funds (ETFs) saw a similar trading volume of $1 billion, but experienced a significant $133 million outflow, while spot Bitcoin ETFs saw inflows of $44 million.
Despite the short-term setback, ETF analysts remain bullish on spot ETH ETFs, calling their approval a turning point for the crypto industry.
As highlighted in a post on social media platform X (previously known as Twitter) by Nate Geraci, the President of ETF Store, ETF analysts and industry leaders are bullish on spot ETH ETFs.&nbsp;
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 “What these ETFs do is open up bridges b/w Ethereum &amp; traditional financial markets.” –<a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@JSeyff</a> “Serves as further proof of crypto's broader momentum &amp; adoption.” –<a href="https://twitter.com/Fede_Brokate?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Fede_Brokate</a> 100% agree &amp; I offer some addn’l color here as well. via <a href="https://twitter.com/Lawrence_Carrel?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Lawrence_Carrel</a> <a href="https://t.co/6qIOJ5wT5G" target="_blank" rel="noopener noreferrer nofollow">https://t.co/6qIOJ5wT5G</a> <a href="https://t.co/2qcGfhCc8S" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2qcGfhCc8S</a>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1816287438454575226?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 25, 2024</a>
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</figure>
Meanwhile, …
The post <a href="https://coinedition.com/spot-ethereum-etfs-early-outflows-but-long-term-potential-remains-strong/" rel="noopener noreferrer nofollow">Spot Ethereum ETFs: Early Outflows But Long-Term Potential Remains Strong</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Spot Ethereum ETFs: Early Outflows But Long-Term Potential Remains Strong

Coin Edition

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