Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What’s next for the ‘big, beautiful bill’?

July 1, 2025

The Bond Canary In The “Big Beautiful” Coal Mine

July 1, 2025

Here’s How Long to Keep Paperwork After Selling a House

July 1, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Tuesday, July 1
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Crypto»Ethereum Suffers 3rd Straight Weekly Outflows
Crypto

Ethereum Suffers 3rd Straight Weekly Outflows

July 2, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The digital asset market is experiencing a wave of investor caution, with Ethereum leading the charge. CoinShares reports show a third consecutive week of outflows, with Ether sustaining the biggest damage. This negative sentiment in the top altcoin, coupled with sluggish trading volumes and regional outflows across the market, paints a picture of a market searching for direction.

Related Reading

Ethereum Faces Headwinds Despite Upcoming Milestone

Ethereum, the world’s second-largest cryptocurrency, has seen the worst outflows of any digital asset this year, reaching a staggering $61 million last week. The dismal figure could be attributed to the delay in approving a spot Ethereum ETF, a highly anticipated event that has been in the works for nearly three years.

According to CoinShares, digital asset investment products saw $30 million in outflows last week, the third consecutive week of outflows. Ethereum saw its largest outflow since August 2022, totaling $61 million, making it the worst performing digital asset investment product so…

— Wu Blockchain (@WuBlockchain) July 1, 2024

The long wait for regulatory greenlight might be causing investors to hold off on commitments, creating uncertainty in the Ethereum market. However, the upcoming launch on July 4th remains a pivotal moment. Analysts are closely watching to see if this long-awaited development triggers a surge in Ethereum adoption or if it simply cannibalizes existing Bitcoin ETF investments.

Mixed Signals: Regional Divergence And Altcoin Interest

While the overall trend points towards caution, there are regional variations in investor sentiment. The United States, for example, defied the global trend and witnessed inflows of $43 million, suggesting continued American interest in the digital asset space.

Similarly, inflows into multi-asset and Bitcoin Exchange-Traded Products (ETPs) indicate a preference for diversification and established players. This highlights the ongoing appeal of a broader exposure to the digital asset landscape, rather than a singular focus on any one cryptocurrency.


Ether down in the last month. Source: Coingecko

Interestingly, amidst the Ethereum outflow woes, some altcoins are experiencing a resurgence. Solana and Litecoin, for instance, saw inflows, suggesting that investors are seeking opportunities beyond the top two cryptocurrencies. This diversification could be a sign of a maturing market where investors are conducting a more thorough risk assessment and exploring undervalued gems within the vast digital asset ecosystem.


Ether market cap currently at $413 billion. Chart: TradingView.com

Related Reading

Navigating Uncertain Waters

The current state of the digital asset market is one of cautious optimism. While outflows and Ethereum’s struggles are undeniable concerns, positive inflows in specific regions and products offer a counterpoint.

The upcoming Ethereum ETF launch is a wild card, potentially acting as a catalyst for further adoption or simply reshuffling existing investments. Investors are likely to remain watchful in the near future, carefully weighing risk and reward before making significant commitments.

Featured image from Parents, chart from TradingView

3rd Ethereum Outflows Straight Suffers weekly
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Orbler and Nivana Soul Unite to Drive Web3 Evolution with Soulful AI and DePIN

July 1, 2025

‘We’re Back, Baby’ – Analyst Flips Bullish on Solana (SOL), Hints at Altcoins Outperforming Bitcoin (BTC)

June 30, 2025

VitaminAi Joins Forces with TrustyFi to Bolster Transparency in AI and Web3

June 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

COZ updates the Boa compiler to v1.3.0

June 24, 20250 Views

Super Micro Computer’s 10-for-1 Stock Split Is Happening Today. Here’s What You Need to Know.

September 30, 20240 Views

Looking for a bargain? 4 ways to tell if a stock is undervalued

February 5, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

What’s next for the ‘big, beautiful bill’?

July 1, 20250
Economic News

The Bond Canary In The “Big Beautiful” Coal Mine

July 1, 20250
Real Estate

Here’s How Long to Keep Paperwork After Selling a House

July 1, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.