This week, the Ethereum ETF net reduced by 11,846.98 ETH, of which Grayscale ETHE decreased by 15,306.52 ETH
Deribit's Head of Asia Pacific Business, Lin Chen, posted on X stating: "This week, the performance of ETH ETF was slightly weaker than BTC, with a net outflow total of 38.1 million USD and a net reduction of 11846.98 ETH. Despite BlackRock and Fidelity still increasing their holdings, other institutions mainly reduced theirs. Among them, BlackRock slightly increased its holdings on Friday while maintaining its position for the rest days; Grayscale ETHE continued to significantly reduce its holdings by a total of 15306.52 units. The current ETH volatility index (DVOL) is at 71.12 and the ETH/BTC exchange rate has risen back to 0.0371."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: XION will unlock tokens worth approximately $22.13 million in one week
CryptoQuant CEO: Bitcoin On-Chain Indicators Show Bearish Signals, Future Upside May Depend on Macro Liquidity
Bitfury makes a strategic investment of $12 million in the decentralized AI computing network Gonka.ai
Amundi launches tokenized euro money market fund