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Title: Three ETF Products Lose $79.4 Million as Ethereum ETFs Pull in Only $2.5 Million
In a shocking turn of events, three Ethereum ETF (Exchange-Traded Fund) products experienced significant outflows, resulting in a staggering loss of $79.4 million yesterday. Meanwhile, the remaining Ethereum ETFs recorded paltry inflows of only $2.5 million.
Grayscale’s ETHE, Grayscale’s ETH, and Bitwise’s ETHW were the culprits behind this dismal performance, as investors fled from these funds in favor of more lucrative options. In a stark contrast, BlackRock’s ETHA managed to buck the trend by attracting an impressive $81.9 million in inflows.
The aggregate net inflow for the day was a meager $2.5 million, casting a dark cloud over the Ethereum ETF space. The cumulative total net inflow for the nine Ethereum ETF products stands at a mere $2.46 billion, with the total value traded reaching an impressive $944 million according to data from Soso Value.
It is worth noting that yesterday’s trading saw approximately 642 Ethereum crypto assets being bought during market hours, indicating that investor appetite remains strong.
Source: www.crypto-news.net
