September 8, 2024 at 10:59 PM GST updated: September 8, 2024 at 11:00 PM 2 mins read News Investors are pulling out from Bitcoin and Ethereum ETFs, this shows that there is little demand for cryptocurrency-based financial products. The total assets under US Bitcoin ETFs management have gone below $50 billion in a month. Ethereum…
Ethereum spot ETFs saw a total net outflow of $5.984 million on September 6, according to Sosovalue data. Liquidity challenges continue for Ethereum ETFs, with a 20% drop in U.S. market depth, as per Sosovalue reports. Recently, Sosovalue reported a total net outflow of $5.984 million in Ethereum spot ETFs. Grayscale’s ETHE ETF experienced a…
September 3, 2024 at 01:15 AM GST updated: September 2, 2024 at 11:49 PM 2 mins read News BlackRock’s iShares Bitcoin Trust leads 2024 with $21B inflows, setting a new benchmark in crypto ETF performance. Ethereum ETFs rise, with iShares Ethereum Trust ETF surpassing $1B in net inflows as of August 2024. Bitcoin’s price volatility…
Ethereum (ETH) has been trading within a daily range between $2,300 and $2,800 since the start of August. Over the past three days, the price has struggled to break past the $2,600 mark, raising concerns among analysts and investors. Related Reading This performance has led to disappointment, particularly when compared to Bitcoin’s stronger showing this…
August 28, 2024 at 07:34 AM GST 2 mins read News Ethereum ETFs face outflows of $13.228M, while Bitcoin ETFs see inflows of $203M, highlighting differing market dynamics. Ethereum’s competition from networks like Avalanche and Solana has slowed its ETF growth, unlike Bitcoin, which mainly competes with gold. Despite challenges, Ava Labs’ John Wu expects…
At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million. Bitcoin ETFs Shine with $252M Inflows; Ether Funds Dip by $5.7M Spot bitcoin ETFs achieved their highest inflow since late July,…
August 24, 2024 at 04:47 PM GST 2 mins read News TRON captures 93% of revenue among top five blockchains, leading in stablecoin payments across key global regions. TRON’s value surged 20% in the past week, showing strong investor confidence and steady price growth. Ethereum faced $458M in ETF outflows since August 15, while TRON…
The launch of spot Ethereum ETFs has yet to live up to the market’s initial optimism, as reflected in their performance over the past few weeks. The Ethereum ETFs’ total on-chain holdings currently stand at approximately 2.81 million ETH, valued at around $7.33 billion, which accounts for about 2.3% of Ethereum’s total supply. Despite these…