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.
Spot Ethereum ETFs Launch Drives Surge in Crypto Investment Funds: Report
Jul 30, 2024