Ethereum exchange-traded funds are experiencing outflows of more than $77 million.

Arabictrader

Friday 03 January 2025 06:40pm

News / Cryptocurrency news

Ethereum exchange-traded funds are experiencing outflows of more than $77 million.
إيثريوم

Ethereum exchange-traded funds (ETFs), totaling nine, recorded significant outflows on January 2, 2025, with $77.51 million withdrawn from these funds.

The majority of outflows came from the Bitwise ETHW fund, which saw withdrawals of $56.11 million, followed by Grayscale's ETHE fund with outflows of $21.4 million.

Meanwhile, the other seven Ethereum funds experienced stability in their flows with no notable changes during the same day. This decline in ETH fund flows may indicate fluctuations in market sentiment, aligning with the ongoing volatility in cryptocurrency prices.

Read also:

2025 Predictions: Bitcoin and Ethereum Rise to New All-Time Highs

Ethereum ETFs Record Outflows for the First Time in 18 Days


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