$37.51 Million Leaves ETH Spot ETFs in US Exodus
CryptoNewsTerminal Staff05 Sep, 2024
$37.51 Million Leaves ETH Spot ETFs in US Exodus
According to crypto market data analytics platform SoSoValue, a sizable outflow of funds occurred from Ethereum (ETH) spot exchange-traded funds (ETFs) in the United States on September 4, amounting to $37.51 million. This movement reflects a significant trend within the cryptocurrency market. The most prominent outflow came from Grayscale Ethereum Trust (ETHE), which alone accounted for $40.63 million of the total. Conversely, Grayscale's mini Ethereum ETF (ETH) experienced a modest inflow of $3.12 million. Notably, there was no activity reported in the remaining ETH spot ETFs during this period. This news follows a series of related developments in the cryptocurrency market, including [insert previous related news here]. It is important to note that market conditions can change rapidly, and investors should always conduct their own research and exercise caution when making investment decisions.
