Ethereum ETFs Soar With Steady Inflows Despite Market Jitters

Quick Summary:

After trading hours on Wednesday, Ethereum Exchange Traded Funds (ETFs) in the United States have exceeded expectations despite a dramatic market weakness earlier this week by producing a notable $98 million influx.

By comparison, Grayscale’s ETHE went through a $39.7 million outflow in the same frame, figures from Farside Investors UK show.

Since Ethereum ETFs act as a gauge for institutional interest and adoption of cryptocurrencies, analysts believe that their performance will be continuously under the lens by the masses.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryJapanUnited States

Topics: Crypto News ETH Ethereum Crypto ETF Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 16:00:08 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21988420

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions