US Spot Ethereum ETFs Witness $5.93M Net Outflow on September 6

Quick Summary:

US spot Ethereum ETFs experienced a notable combined net outflow of $5.93 million on September 6, 2024, according to data shared by Trader T on X.

The outflows were primarily driven by Grayscale’s ETHE, which recorded a significant net outflow of $10.7 million.

Several factors may be contributing to the mixed investor sentiment, including recent price volatility in Ethereum, macroeconomic concerns, and evolving regulatory developments.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Latest News US spot Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 09:57:25 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 698 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22397753

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Official Website: bitcoinworld.co.in

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