Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum Spot ETF Delay Causes Worst Outflows in 2 Years
ETHEREUM NEWS

Ethereum Spot ETF Delay Causes Worst Outflows in 2 Years

By Crypto FlexsJuly 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Spot ETF Delay Causes Worst Outflows in 2 Years
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum exchange-traded funds (ETFs) have seen their biggest outflows in two years as the U.S. Securities and Exchange Commission continues to delay approving spot ETF trading.

According to CoinShares’ latest Digital Asset Funds report, these outflows have resulted in $30 million in outflows from global cryptocurrency-related investment products for the third week in a row.

But James Butterfill, head of research at Coinshares, noted that last week’s modest moves “show that outflows have slowed down considerably.”

Meanwhile, negative sentiment had little effect on trading volumes in these products, which rose 43% to $6.2 billion per week, but still significantly below the weekly average of $14.2 billion.

Ethereum records largest outflow in 2 years

Ethereum outflows reached $61 million last week, the highest level since August 2022. Over the past two weeks, ETH outflows totaled $119 million, making it the worst performing asset on the index so far this year, with net inflows down $25 million.

Butterfill attributed the outflows to investor sentiment surrounding the current uncertainty over when Ethereum ETF products will begin trading. On June 28, Bloomberg ETF analyst Eric Balchunas noted that financial product approvals could be delayed until the week of July 8 as the SEC and some applicants are still filing their paperwork.

Bitcoin has benefited from this sentiment shift, with inflows totaling $10 million last week. The CoinShares report noted that most Bitcoin ETF providers, including BlackRock’s IBIT and Fidelity’s FBTC, have seen modest inflows, partially offsetting the $153 million outflow from Grayscale’s GBTC fund.

The positive sentiment also led to a $4.2 million outflow from Short-Bitcoin positions. In addition, market observers noted that the price difficulties of BTC may have attracted significant attention from these bearish traders.

Large-cap alternative digital assets like Solana and Litecoin also saw smaller inflows of $1.6 million and $1.4 million respectively. Meanwhile, Butterfill added:

“Despite the positive sentiment towards cryptocurrencies this year, blockchain stocks have suffered $545 million in outflows this year, representing 19% of total AUM.”

What’s mentioned in this article
recent Alpha Market Report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Exploring Binary Options in Injective: A Comprehensive Analysis

August 17, 2024

Exploring LFi Chain: Blockchain and Applications

December 16, 2023

After the launch of the US DOGE official website, the price of Dogecoin surged 13% in a matter of minutes.

January 21, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.