Crypto: Ethereum ETFs Drop for 2 Consecutive Days! What’s Happening?

CoinMarketCap07-26

Exchange Traded Funds (ETF) Ethereum recently recorded negative results for the second consecutive day. This trend has raised concerns among investors and crypto market analysts. Crypto: Ethereum ETFs...

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This trend has raised concerns among investors and crypto market analysts.\nCrypto: Ethereum ETFs...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66a3a72a78074147b354ffb8/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto: Ethereum ETFs Drop for 2 Consecutive Days! 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What’s Happening?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 21:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/66a3a72a78074147b354ffb8/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Exchange Traded Funds (ETF) Ethereum recently recorded negative results for the second consecutive day. This trend has raised concerns among investors and crypto market analysts.\nCrypto: Ethereum ETFs...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66a3a72a78074147b354ffb8/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CETH","symbol_name":"21Shares Core Ethereum ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66a3a72a78074147b354ffb8/","article_id":"2454281983","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/02cfc80f14f4444198cf3f1dfde4a67a.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454281983","pubTimestamp":1722001192,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Exchange Traded Funds (ETF) Ethereum recently recorded negative results for the second consecutive day. This trend has raised concerns among investors and crypto market analysts. Crypto: Ethe","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CETH":"21Shares Core Ethereum ETF","QETH":"Invesco Galaxy Ethereum ETF","BK4585":"ETF&股票定投概念","EZET":"Franklin Ethereum Etf","ETHE":"Grayscale Ethereum Trust","ETHV":"Vaneck Ethereum ETF","FETH":"Fidelity Ethereum Fund","ETH":"Grayscale Ethereum Mini Trust","BK4550":"红杉资本持仓","BK4588":"碎股","BITW":"Bitwise 10 Crypto Index Fund","FDN":"First Trust Dow Jones Internet I"},"translate_title":"加密货币：以太币ETF连续两天下跌！怎么回事？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITW":1,"CETH":1,"ETHE":1,"ETHV":1,"EZET":1,"FETH":1,"QETH":1,"FDN":0.9,"ETH":0.68},"content_text":"Exchange Traded Funds (ETF) Ethereum recently recorded negative results for the second consecutive day. This trend has raised concerns among investors and crypto market analysts.\nCrypto: Ethereum ETFs record significant losses!\nOn July 24, 2024, Ethereum ETFs saw net outflows of $113.3 million! Mainly due to massive sales from the Grayscale Ethereum Trust (ETHE). The latter experienced outflows of $326.9 million, which significantly affected the overall performance of the new crypto funds, ETF Ethereum.\n\n\n\n\nThe eight newly launched Ethereum ETFs mostly recorded net inflows. The Fidelity Ethereum Fund (FETH) and the Bitwise Ethereum ETF (BITW) led the way with net inflows of $74.5 million and $29.6 million respectively. However, these inflows were not enough to offset the massive outflows from the Grayscale Ethereum Trust.\nThe conversion of the Grayscale Ethereum Trust into a spot ETF allowed crypto investors to sell their shares more easily, leading to a wave of sales. In just two days, the Grayscale Ethereum Trust recorded outflows of $811 million, more than 9% of its holdings.\n€20 bonus for registering on Bitvavo This link uses an affiliate program.\n\nETH’s reaction is immediate!\nThe price of Ethereum was impacted by these outflows. On July 24, ETH was trading at $3,172, down more than 6.8% in 24 hours and 7.4% over the week. Analysts expect Ethereum’s price to remain sensitive to the inflows and outflows of the ETFs in the coming days. The current volatility of the crypto market, combined with ETF movements, could continue to influence ETH prices.\nThe negative results of Ethereum ETFs for the second consecutive day highlight the challenges faced by these new financial products. Investors will need to closely monitor crypto market trends and ETF movements to navigate this period of increased volatility.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454281983"}