Grayscale’s ETH ETF struggles with outflows, dragging Ethereum’s price

Quick Summary:

Could persistent ETF outflows and falling asset prices reveal a hidden flaw in their supposed bullish impact?

Since the launch of Ethereum [ETH] Exchange-Traded Funds (ETFs), the anticipated surge in Ethereum’s price to $4,000 has yet to materialize.

Here, ZERO IKA challenged the common notion that ETFs automatically drive up asset prices.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United StatesBrazil

Topics: Social Ambcrypto Altcoin Trading View News News 1 Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 13:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 22195135

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 25 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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