Investing.com – J.P. Morgan estimates that U.S. spot ETFs saw preliminary net sales of $65 million last Thursday, as traders were eyeing the Jackson Hole meeting for market-moving comments
In contrast, sentiment around seems to be cooling off, with bearish views emerging after weeks of stagnant price action for the world’s second largest token. Per J.P. Morgan calculations, U.S. spot Ether ETFs reported slight net redemptions of $1 million on the same day.
For Ether ETFs, excluding Grayscale’s ETHE, gross flows hit $19 million. Grayscale Ethereum Trust (ETH) (NYSE:) took a big hit with net redemptions of -$20 million. Fidelity’s Ethereum Fund (NYSE:)led the way with $14 million in net sales, while Grayscale’s ETH saw $4 million in sales, holding steady from the day before.
Meanwhile, Van Eck’s Ethereum ETF (NYSE:) brought in $1 million, but BlackRock’s iShares Ethereum Trust ETF (NASDAQ🙂 had no new activity…
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