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Ethereum ETFs Face Significant Outflows
The Ethereum market is experiencing a challenging period, as reported by BTC-ECHO, with spot ETFs witnessing substantial net outflows. In the latest week alone, $68 million was withdrawn from nine ETH funds. The Grayscale Ethereum Trust suffered the most significant loss of $96 million over five trading days, while Fidelity's ETF saw outflows of $51 million. Despite these setbacks, BlackRock managed to gain some traction in this turbulent environment.
Currently priced at around $3,400 per unit and having increased by 1.2% within 24 hours and 8.6% compared to last week, Ether shows potential for recovery despite ongoing challenges. Since their inception on July 23rd, total inflows into Ethereum Spot ETFs have only amounted to a mere $110 million after accounting for withdrawals exceeding three billion dollars during that time frame.
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Cryptocurrency Market Movements: Bitcoin and Altcoins Update
A report from finanzen.ch highlights recent movements in various cryptocurrencies, including Bitcoin (BTC) and Dogecoin (DOGE), during Monday morning sessions where prices showed mixed results. Litecoin gained slightly (+0.76%), reaching nearly ninety-eight US dollars ($97). Meanwhile, Ripple experienced an impressive surge upwards, increasing more than six percent to approximately one dollar fifty-two cents ($1.52) from the previous day's value of around one dollar forty-three cents ($1.43).
Bitcoin & Ethereum Analysis: Potential Breakthroughs Ahead?
An analysis published via BitcoinBude delves deeper into whether or not these major digital assets could soon achieve new milestones. The analysis specifically questions whether Bitcoin might struggle to break past its psychological barrier set near the hundred-thousand-dollar mark. It also speculates about possible scenarios whereby Ethereum surpasses the five thousand dollars threshold shortly thereafter, based on current chart patterns observed throughout key indicators.
Sources:
- Ethereum-Enttäuschung: ETH Spot ETFs mit hohen Nettoabflüssen
- Bitcoin, Dogecoin, Ethereum & Co. am Montagvormittag
- Bitcoin (BTC) und Ethereum (ETH) Analyse (KW48-1)
- Größte digitale Bank Hongkongs startet Bitcoin-Handel
- Bitcoin, Ethereum, Solana, XRP, Doge und Co.: So startet der Kryptomarkt in die Woche
- Ethereum startet die Aufholrallye! Folgt jetzt der Ansturm auf das Allzeithoch?
