Bloomberg ETF Analyst: Ether ETFs Underperform in First Month Due to ETHE Unlocking
Bloomberg ETF analyst Eric Balchunas posted on the X platform that spot ethereum ETFs underperformed in the first month, with outflows reaching $476 million, as new launches failed to offset the impact of the unlocking of ETHE, and the influence was too much (which is why I'm reiterating how valiantly the nine new bitcoin ETFs performed). But the good news is that the unlocking will end and there will be light at the end of the tunnel.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Arthur Hayes Suspected of Accumulating 7.66 Million BIO Tokens Worth Approximately $1.1 Million
Pansen Macro: The European Central Bank May Still Cut Rates Again in September
Willy Woo: MCR Risk Signal Is Declining, Liquidity Is Returning
Trending news
MoreCrypto prices
More
