Ether ETFs Saw $340M of Negative Outflows in Their First Week
More than $1.5 billion of exits from Grayscale’s high-fee Ethereum Trust more than offset inflows into the other spot products.
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More than $1.5 billion of exits from Grayscale’s high-fee Ethereum Trust more than offset inflows into the other spot products.
Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale’s converted Ethereum Trust ETF posted a net outflow of over $800 million.
Polymarket bettors give a 90% chance that ether ETFs get approved by July 26.
For years, the crypto community has been gripped by the question of when the Securities and Exchange Commission (SEC) will … Continue reading
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The asset manager is also one of the issuers of a spot bitcoin exchange-traded fund but hasn’t seen the same success as frontrunners BlackRock and Fidelity.
The updated S-1 document brings the spot Ethereum ETF application more “in line” with the recently approved spot BTC ETF prospectus, one analyst noted.
In a recent note, the Singapore-based investment fund said expects topside resistance for bitcoin in the $45k-$48.5K region.
BlackRock declined to comment on the filing.