ETHEREUM ETFs GO LIVE (Eruptions Market Report 7-26-24)

Investors traded over $1 billion worth of shares of the freshly launched ETH exchange-traded fund (ETF) issuers on the first day of their availability, data from Bloomberg shows.

Of this $1 billion, there was a net inflow of $106.7 million, according to a tracker from SoSoValue. Most of the outflow came from Grayscale's Ethereum Trust which saw $484 million in outflow.

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Precisely the exact same playbook as when the BTC ETFs launched.

ETFs launch, Grayscale dumps. Next move is GIGA PUMP over the next few months.

I promised you a new ATH for Ethereum.

Read the Full Eruptions Market Report here