Bitcoin ETFs Register Net Outflows for Third Straight Day
Both bitcoin and ether spot ETFs bleed money as geopolitical tensions weigh over risk assets.
Both bitcoin and ether spot ETFs bleed money as geopolitical tensions weigh over risk assets.
The latest price moves in crypto markets in context for Sept. 26, 2024.
The latest price moves in crypto markets in context for Sept. 25, 2024.
Ether ETFs experienced a $62.5 million inflow, marking its third-largest day since launch.
The outflow come despite a broader crypto market rally fueled by recent Federal Reserve rate cuts, which helped lift ether prices by 11% over the past week.
The Ethereum blockchain has the most active developers, the highest number of active users and ether has a market cap that is five times larger than its nearest competitor, the report said.
Options tied to bitcoin and ether show a bias for puts, according to QCP Capital.
The decline in trading volumes for ETH instruments suggests lower-than-expected institutional interest in the asset, particularly following the launch of spot ether ETFs, according to CCData.
Spot ether exchange-traded funds have seen net outflows of $500M since their launch, the report said.
BlackRock’s ETHA and other Ethereum funds have collected billions of dollars worth of inflows. Massive outflows from the Grayscale Ethereum Trust (ETHE) have overshadowed that, though.