Spot Ethereum ETFs: Early Outflows But Long-Term Potential Remains Strong
- James Seyffart said that ETH ETFs have opened bridges between TradFi and Ether.
- 21Shares’ Federico Brokate considers the approval of ETH ETFs as an inflection point.
- The approval also signifies “crypto’s broader momentum & adoption,” said Brokate.
The second trading day for spot Ethereum exchange-traded funds (ETFs) saw a similar trading volume of $1 billion, but experienced a significant $133 million outflow, while spot Bitcoin ETFs saw inflows of $44 million.
Despite the short-term setback, ETF analysts remain bullish on spot ETH ETFs, calling their approval a turning point for the crypto industry.
As highlighted in a post on social media platform X (previously known as Twitter) by Nate Geraci, the President of ETF Store, ETF analysts and industry leaders are bullish on spot ETH ETFs.
Meanwhile, …
The post Spot Ethereum ETFs: Early Outflows But Long-Term Potential Remains Strong appeared first on Coin Edition.
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Spot Ethereum ETFs: Early Outflows But Long-Term Potential Remains Strong
- James Seyffart said that ETH ETFs have opened bridges between TradFi and Ether.
- 21Shares’ Federico Brokate considers the approval of ETH ETFs as an inflection point.
- The approval also signifies “crypto’s broader momentum & adoption,” said Brokate.
The second trading day for spot Ethereum exchange-traded funds (ETFs) saw a similar trading volume of $1 billion, but experienced a significant $133 million outflow, while spot Bitcoin ETFs saw inflows of $44 million.
Despite the short-term setback, ETF analysts remain bullish on spot ETH ETFs, calling their approval a turning point for the crypto industry.
As highlighted in a post on social media platform X (previously known as Twitter) by Nate Geraci, the President of ETF Store, ETF analysts and industry leaders are bullish on spot ETH ETFs.
Meanwhile, …
The post Spot Ethereum ETFs: Early Outflows But Long-Term Potential Remains Strong appeared first on Coin Edition.
Read More