Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Despite a sharp 20% drop in price, U.S.-listed spot ether exchange-traded funds saw net inflows of nearly $49 million on Monday, indicating strong demand.
Grayscale’s ETHE was the only product with outflows at $46 million, while the provider’s smaller Ethereum Mini Trust recorded inflows at $7 million. Meanwhile, some market observers pointed out that applications built on the Ethereum network showed resilience amid the steep declines – a sign of strong fundamentals.
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