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»ADOPTION NEWS»Spot Ethereum ETF Trading Volume Falls for Third Day, Drops Below $900 Million
ADOPTION NEWS

Spot Ethereum ETF Trading Volume Falls for Third Day, Drops Below $900 Million

By Crypto FlexsJuly 25, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spot Ethereum ETF Trading Volume Falls for Third Day, Drops Below 0 Million
Share
Facebook Twitter LinkedIn Pinterest Email

dot Ethereum Ethereum

-4.88%
The ETF saw strong trading volumes in its first three days on the market, but demand is cooling off. Hot start.

Cumulative trading volume between funds on Thursday was about $850 million, according to Yahoo Finance data compiled by Block Pro Research. Trading volume surpassed $1.05 billion in Tuesday’s session and $950 million on Wednesday.

The ETF recorded net outflows of $133.16 million on Wednesday, reversing Tuesday’s net inflows of $106.78 million. Grayscale Ethereum Trust (ETHE) recorded net outflows of $326.86 million, making it the only ether fund to see an outflow, according to SosoValue.

Ahead of Thursday’s trading session, the price of Ether fell more than 7% overnight.

“The emphasized pullback… is not only unsurprising, it was expected,” Keyrock’s Justin d’Anethan told The Block early Thursday. “Market memories are short, but while spot bitcoin ETFs have pushed prices higher, crypto markets have been down at the start.”

According to The Block’s ETH price page, at the time of publication, Ether was still down nearly 8%, at $3,102. The trading volume over the last 24 hours was $25.9 billion.

“After the ETP launched, the BTC price initially fell due to a combination of ‘news selling’ and massive outflows from GBTC,” Bitwise investment strategist Juan Leon wrote in a post on X. “After that, inflows into other ETPs surged and the price surged.”

The strategist noted that ETH fell nearly 10% two days after the trade. As with BTC, there has been significant outflow from The Grayscale Ethereum Trust (ETHE) which could continue for some time, and the price of Ether has been on the rise for the past two weeks leading up to the launch of the spot ETF.

“Will ETH do the same? We don’t know for sure, but institutional demand for cryptocurrencies is growing, and ETH is now joining BTC as the only two crypto assets with an ETP wrapper,” Leon said.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 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

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025
Most Popular

QuickSwap’s #1 cryptocurrency podcast has rebranded to “The Aggregated” to encompass the entire Web3 community!

May 24, 2024

Bitcoin miners offloaded $129 million in BTC in a single day, sending reserves to their lowest point since May.

January 1, 2024

Dolomite Co-Founder Corey Caplan Advises Trump-Backed World Liberty Financial

September 3, 2024
  • 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.