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Cryptocurrency News Articles
Ether ETFs' Day One Done, Bitcoin ETFs See Outflows
Jul 25, 2024 at 01:45 am
Bitcoin (BTC) is closing in on $67,000 once again as ether (ETH) is trading around $3,400. Notably, ether is down 1.6% Wednesday, a day after the launch of
Bitcoin (BTC) price is making another attempt at $67,000 while ether (ETH) price is trading around $3,400. Notably, ETH price is down 1.6% Wednesday, a day after the launch of spot ether exchange-traded funds (ETFs) in U.S. markets.
Ether ETFs' Day One Done, Bitcoin ETFs See Outflows
The spot ether ETFs saw more than $1 billion in trading on their first day, which led to $107 million of inflows into these new products. However, outflows from the preexisting Grayscale Ethereum Trust (ETHE) are likely to limit the combined net inflows for the spot ether ETFs.
While the spot bitcoin ETFs had been experiencing strong inflows in recent weeks, Tuesday saw the first day of outflows since July 3, according to Farside Investors. Despite the net outflows for these products in aggregate, BlackRock's iShares Bitcoin Trust (IBIT) still saw $71.9 million of inflows. May 1 remains the only time IBIT experienced a day of net out
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- Apr 30, 2026 at 10:38 pm
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
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- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
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- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
