Ether Liquidity Plummets 40% On Exchanges After ETF Debut

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Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An Insane’ Rally That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices.

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024.

Market Dynamics And ETF Performance Their introduction was expected to increase liquidity, much as it had done in the case of the Bitcoin ETFs introduced earlier this year.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Ether Crypto Liquidity ETH Cryptocurrency Market News Ethereum Altcoins Ethusd Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-08 @ 02:30:58 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 73 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22401817

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