Ethereum Spot ETF Experiences Significant Net Outflow
10/8/2024 1:11:56 PM
According to Ki Young Ju, the Ethereum spot ETF has experienced a net outflow of 350,000 ETH, equivalent to $849 million, since its approval. This outflow is primarily attributed to Grayscale's sell-off of its ETHE holdings and a lack of new investor inflows. In contrast, Bitcoin spot ETFs have not faced similar outflows. (Source)
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