ETH Price Stalls as ETF Inflows Stay Weak

Quick Summary:

Ethereum ETFs, approved in the US in May, have experienced negative net inflows, signaling a lukewarm reception from investors.

The Grayscale Ethereum Trust (ETHE) has seen significant outflows, contributing to the overall negative trend.

This underwhelming performance contrasts with the strong debut of Bitcoin ETFs earlier this year.

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Article Details

Author / Journalist: Parth Dubey

Category: Crypto

Markets: India

Topics: Market News Ethereum ETF Ethereum News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 09:46:00 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 150 words

Reading Time: 1 minutes read

Sentences: 50 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22174940

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 17 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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