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Ethereum ETFs in the Red!
It has been three weeks since the spot Ethereum ETFs launched in the States, but the experience has been entirely different compared to their Bitcoin counterparts. In fact, the ETH-based products have been on a seven-day withdrawal streak even though the numbers are quite low.
However, that only demonstrates that the demand and interest in those products are lacking.Grayscaleâs ETHE has seen withdrawals in 13 out of the 14 days the ETFs have been live for trading. Overall, all Ethereum ETFs have been in the red in 10 out of the 14 trading days.
The past week saw $13.5 million taken out on Monday, $6.5 million on Tuesday, $18 million on Wednesday, $0.8 million on Thursday, and $5.7 million on Friday. BlackRockâs ETHA, the first newly launched fund to surpass the $1 billion mark, saw inflows only on Monday ($26.8 million), while Fidelityâs FETH had a strong Thursday, with $14.3 million in net flows.#BTTcReward #ETF_ETH #TelegramCEO $BTC #CryptoMarketMoves #BlackRockETHOptions $ETH $BNB
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