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Ethereum ETF outflows and declining ETH futures volume signal lower investor interest
Ethereum (ETH) is up 0.1% on Wednesday following increased outflows and declining trading volume across ETH products. This follows key data showing ETH's recent underperformance compared to other top assets. US spot Ethereum exchange-traded funds (ETFs) recorded outflows on their first trading session after the Labour Day holiday. The products witnessed net outflows of $47.4 million, its highest in the past month, per Farside Investors data. The negative flows were spearheaded by $52.3 million in outflows from Grayscale's ETHE. Other issuers saw zero flows except for Fidelity's FETH, which recorded $4.9 million in ... (full story)
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- Posted: Sep 4, 2024 8:21pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 62
