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- Ethereum ETFs pull in $107 million on day 1 💰
Ethereum ETFs pull in $107 million on day 1 💰
U.S. spot Ethereum ETFs had a "very solid first day" of trading Tuesday.
Stephen Graves
July 24, 2024
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📝 What you need to know
The first day of trading for U.S. spot Ethereum ETFs saw them draw in a respectable $107 million in net inflows—a figure that was dragged down by the $484 million in outflows from Grayscale’s Ethereum Trust, repeating a pattern familiar from the launch of spot Bitcoin ETFs earlier in the year.
Trading volume for the newly launched financial products hit $1 billion on day one—but the price of ETH remained flat through Wednesday morning.
In other news, U.S. Presidential hopeful Kamala Harris declined to join rivals Donald Trump and Robert F. Kennedy in speaking at Bitcoin Conference, following talks with the organizers.
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💬 Quote of the Day
Kamala Harris will not be speaking @TheBitcoinConf. No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her.
David Bailey, CEO, Bitcoin Magazine
🌐 From Our Hubs
From Our Partner
Short for “United For Kindness,” UNFK is engaging the crypto community to promote positive change by putting social pressure on banks and other big institutions using memes and pranks.
UNFK is gearing up for the next phase of its campaign with the release of its web app—and a meme competition directed at crypto’s favorite regulator, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler, with up to $10,000 in SOL up for grabs.
