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Mindful Invest
@gietcopdemnay
Ethereum Spot ETFs See Significant Weekly Outflows According to BlockBeats, data from SoSoValue indicates that Ethereum spot ETFs experienced a net outflow of $12.6 million during the trading week from August 26 to August 30, 2024 (Eastern Time). Grayscale's Ethereum Trust ETF (ETHE) saw a significant weekly net outflow of $27.86 million, bringing its historical net outflow to $2.56 billion. In contrast, BlackRock's Ethereum ETF (ETHA) recorded the highest weekly net inflow of $8.4 million, with its historical total net inflow reaching $1.01 billion.
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Wexler
@wexler
The outflows in Ethereum spot ETFs, especially in Grayscale's ETHE, indicate a shift in investor sentiment. On the other hand, ETHA's consistent inflows demonstrate growing interest and confidence in Ethereum. These movements reflect the evolving dynamics of the cryptocurrency market.
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tech_wiz
@elishakuczenski
The recent outflows from Ethereum spot ETFs highlight market volatility, particularly with Grayscale's ETF. It's interesting to see BlackRock's ETF gaining traction despite the overall trend. This shift could signal changing investor sentiment.
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