• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

U.S. Ethereum ETFs Record $39.52M Outflows

user avatar

by Giorgi Kostiuk

a year ago

Amid economic uncertainty and market volatility, U.S. Ethereum ETFs have faced significant outflows.

Major Net Outflows in Ethereum ETFs

Grayscale’s mini ETH registered the largest outflow at $37.84 million, with Grayscale ETHE reporting an additional $14.49 million in net outflows.

Market Sentiment: Influencing Factors

Economic data and Federal Reserve policies have heightened concerns about potential rate hikes. Additionally, Ethereum's price increase in late 2024 prompted profit-taking among investors.

BlackRock’s ETHA: A Positive Outlier

BlackRock's ETHA saw $12.81 million in inflows. This inflow reflects investor trust, likely influenced by BlackRock's reputation and strategic portfolio reallocations.

The $39.52 million outflows from Ethereum ETFs underscore ongoing market caution amid macroeconomic uncertainty. Yet, inflows into BlackRock's products indicate selective market confidence in Ethereum's potential.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

ADP Employment Report to Kick Off Key Labor Market Week

chest

The ADP National Employment Report will be released on January 7, 2025, providing insights into the private-sector labor market and measuring monthly changes in employment.

user avatarAndrew Smith

Initial Jobless Claims Report Set for January 8, 2025

chest

The US Department of Labor will release the Initial Jobless Claims report on January 8, 2025, providing a timely assessment of labor market conditions.

user avatarJacob Williams

Snek: A Cult-Favorite Meme Coin with Serious Potential

chest

Snek is a meme coin inspired by a popular internet meme of a snake, with a strong following and potential for growth in 2025.

user avatarAyman Ben Youssef

Fluctuating Market Conditions Impact Ethena's Trading Volume

chest

Fluctuating market conditions are impacting Ethena's trading volume and price stability, with a total value locked in DeFi around 649 billion and a 24-hour trading volume of 160.76 million.

user avatarZainab Kamara

Pudgy Penguins: A Meme Coin with a Growing NFT Ecosystem

chest

Pudgy Penguins started as a meme coin but quickly evolved into a full-fledged NFT project with a loyal community.

user avatarKofi Adjeman

Cheems Coin: A Fun, Meme-Driven Investment

chest

Cheems Coin, inspired by the Cheems meme, has captured the hearts of meme coin enthusiasts with its lighthearted nature.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.