Grayscale ETH ETF Outflows Hit $2 Billion As Ethereum Price Struggles Below $3,000

Quick Summary:

The Ethereum price performance has been a major source of concern for investors over the past few weeks, persisting in a downward trend.

What makes the token’s struggles even more worrying is that it has not shown any signs of relief despite the recent launch of spot ETH ETFs (exchange-traded funds) in the United States.

Data from CoinGecko shows that the Ethereum price has fallen by nearly 8% in the past month.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: HungaryUnited States

Topics: ETH Ethereum Sosovalue Spot Ethereum ETF Ethereum price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 14:00:20 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21916747

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 4 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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