News Explorer — Spot Ethereum ETFs Launch Drives Surge in Crypto Investment Funds: Report

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Jul 29, 9:00 pm

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Spot Ethereum ETFs Launch Drives Surge in Crypto Investment Funds: Report

Last week, crypto investment funds experienced surging trading volume due to the launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Combined trading volume for these funds reached $14.8 billion, the highest levels since May. New Ethereum ETFs brought in $2.2 billion worth of assets, while Grayscale's existing Ethereum fund saw outflows as traders shifted to other funds with lower fees.

Last week, crypto investment funds experienced surging trading volume due to the launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Combined trading volume for these funds reached $14.8 billion, the highest levels since May. New Ethereum ETFs brought in $2.2 billion worth of assets, while Grayscale's existing Ethereum fund saw outflows as traders shifted to other funds with lower fees.

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