• 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.

• 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.