Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
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

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 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

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

Discover the supernatural in Rich Wilde and the Tome of Insanity slot

June 1, 2024

Safemoon CTO is guilty of a $ 2 million encryption fraud case.

March 3, 2025

Spot Bitcoin ​​ETF coming soon. How will they be redeemed?

December 9, 2023
  • 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.