Spot Ethereum ETFs Saw $341M Outflows, Options Buying Ignites Hope: QCP

Quick Summary:

The first week of spot Ethereum ETFs trading saw a net $341 million outflow.

QCP analysts have pointed to a longer wait period before spot Ethereum ETFs take off in traditional markets.

This is due to a distinction from Bitcoin (BTC) which had the digital gold tagline as well as a wider mainstream adoption.

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Article Details

Author / Journalist: David Pokima

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News Ethereum (ETH) Ethereum ETFs Ethereum News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 07:44:51 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 33 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21790153

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