Both and prices are bouncing back more from last week’s global market slump. But in the short term, the overall trend of crypto investments is probably going to follow the performance of tech stocks and risk appetite, which has been pretty muted so far.
JPMorgan (NYSE:)’s analysts highlighted the ongoing trend of outflows for both Ether and Bitcoin ETFs, with Ether ETFs closing the week with $105 million in net sales, while Bitcoin ETFs saw net redemptions totaling $169 million.
Spot Ether exchange-traded funds in the U.S. bourses continued negative flows on Friday, recording $16 million in net outflows on their 16th trading day. JPMorgan (JPM) said in a research report.
According to the bank calculations, Grayscale’s Trust (ETH) (NYSE:) fund led the outflows with a reduction of $42 million, though this was below its…
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