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Coin Edition 2024-11-02 15:30:00

US Ethereum ETFs Witness $10.9M Drain as ETH Dips to $2,400

U.S. spot Ethereum exchange-traded funds (ETFs) experienced a net outflow of $10.9 million on Friday amid a broader crypto market downturn. Grayscale’s ETHE led the outflows, with $11.4 million withdrawn as investors reassessed their positions during market uncertainty. In contrast to Grayscale’s losses, Invesco’s QETH ETF recorded a modest net inflow of $0.5 million yesterday, The post US Ethereum ETFs Witness $10.9M Drain as ETH Dips to $2,400 appeared first on Coin Edition .

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