Jul 25, 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."
Up Next
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/8Frio528-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/xTqpkDOt-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/umJgOvle-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/vhMFqyes-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/EIEg4YPI-1920.jpg)
Video transcriptThe chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day. 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 gray scales converted Ethereum trust. ETF most of the other E ETF S continued in the green for flows. But market data from social values shows that ee had a net outflow of over 810 million dollars. This is similar to what happened during the first weeks of the spot. Bitcoin ETF trading when Gray scales, G BT C saw heavy outflows as well as of 935 Eastern time E is trading around $3100 down more than 9% on the day. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.