U.S. Ether Spot ETFs Witnessed $9.71 Million Net Outflows on Monday
CryptoNewsTerminal Staff18 Sep, 2024
U.S. Ether Spot ETFs Witnessed $9.71 Million Net Outflows on Monday
According to crypto analytics firm, TraderT, U.S.-based Ether (ETH) spot exchange-traded funds (ETFs) experienced total outflows of $9.71 million on Monday. Grayscale's ETHE saw significant outflows of $14.66 million, indicating investor apprehension. Conversely, BlackRock's EHTA recorded inflows of $4.95 million, suggesting some fund rotation within the ETF space. These outflows suggest that investors may be taking a cautious stance towards ETH spot ETFs, possibly due to concerns over market volatility or the broader regulatory landscape surrounding cryptocurrencies. It is important to note that market conditions and investor sentiment can change rapidly, so it is advisable to conduct thorough research and exercise caution when making investment decisions.
