Volatility in Spot Ethereum ETFs! đ
- Nine spot Ethereum ETFs in the US experienced net outflows of $77.21 million on Wednesday. The positive trend from the day before was reversed.
- While Ether price fell below $3,200, Grayscale Ethereum Trust (ETHE) recorded an outflow of $133.33 million. ETHE has lost almost $2 billion since converting to an ETF.
- However, Grayscale Ethereum Mini Trust (ETH) recorded seven consecutive days of inflows and attracted $19.5 million at the end of July.
- Fidelity's FETH saw an inflow of $18.8 million, BlackRock's ETHA $4.98 million, and VanEck's ETHV $4.81 million.
- Ether price is currently around $3,188. If institutional interest increases, the price is expected to rise. đž
- Share your thoughts in the comments! đ
