Spot Ethereum ETFs Take In $49M
Despite a 20% drop in its price, US-listed exchange-traded funds (ETFs) for Ether saw net inflows of nearly $49 million on Monday.
Despite a 20% drop in its price, US-listed exchange-traded funds (ETFs) for Ether saw net inflows of nearly $49 million on Monday.
Morgan Stanley has informed its financial advisors that select clients will soon be able to access spot bitcoin exchange-traded funds (ETFs).
Ethereum ETFs experienced net outflows of $77.2 million on July 31.
Grayscale Investment’s smaller version of the Grayscale Bitcoin Trust officially began trading yesterday after receiving approval from the US Securities and Exchange Commission.
Investment flows into Ethereum exchange-traded funds listed in the United States have turned positive for the first time since their launch day, thanks to a decrease in outflows from the Grayscale Ethereum Trust.
During their first week of operation, spot Ether exchange-traded funds experienced negative net flows.
The outflows from the Grayscale Ethereum Trust ETF (ETHE) have exceeded $1.5 billion, with a single day net outflow of $356 million on July 26.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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