• 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

Kaspa KAS Price Faces Challenges Amid Market Conditions

chest

The KAS price is struggling to maintain upward momentum as it faces resistance and low trading volume.

user avatarRajesh Kumar

Ripple's Global Growth Amid Challenges

chest

Sandy Kaul discusses Ripple's expansion efforts despite challenges in the US, highlighting its growth in Asia and the rise of automated transactions.

user avatarMiguel Rodriguez

iotraderio Introduces Innovative Features for Enhanced Trading Experience

chest

iotraderio has introduced innovative features to enhance the trading experience, including non-custodial security, real-time sentiment data, and advanced risk management tools.

user avatarLuis Flores

iotraderio Launches a New Era in Cryptocurrency Trading

chest

iotraderio has officially launched, merging the concepts of prediction markets and leveraged trading, allowing users to trade futures with up to 100x leverage.

user avatarMaria Gutierrez

Apeing Prepares for Presale with Audit Focus

chest

Apeing, a new meme coin, is set to launch its presale after completing an audit, aiming to ensure safety and community engagement.

user avatarArif Mukhtar

Stricter Penalties for Crypto Exchanges Proposed in South Korea

chest

South Korean lawmakers are debating stricter penalties for virtual asset exchanges, with proposed fines reaching up to 3% of sales revenue.

user avatarAndrew Smith

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.