Sosovalue

Ether ETFs saw their largest net outflows since July, with over $79 million exiting on Monday. The outflows come mostly from Grayscale’s Ethereum Trust, which bled over $80 million according to data from SoSoValue. The outflows came despite the recent rally in ether and the broader crypto market following the Fed rate cut, a sign of waning institutional demand for the world’s second-largest token. CoinDesk's Christine Lee presents the "Chart of the Day."

Sep 24, 2024

Ether was down over 7.5% in the first hours of East Asia's business day, this comes as the market continues to be concerned about outflows from Grayscale's converted Ethereum Trust ETF. Market data from SoSoValue shows that ETHE had a cumulative net outflow of over $810 million in the first two days of trading while most of the other ETH ETFs continued in the green for flows. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Jul 25, 2024