$253 million positive for Bitcoin Spot ETFs, while Ethereum still...

2024-10-13 04:00

Bitcoin Spot ETFs saw inflows worth $253. 54 million on 11 October, coinciding with a 3% price hike Ethereum Spot ETFs continue to struggle though, with cumulative negative netflows of -$558. origin »

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spot etfs 253 ethereum million bitcoin continue

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Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch?

Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport.

2024-7-27 20:30