Will Fed easing support crypto and reverse Ethereum ETF outflows?
Ethereum exchange-traded funds have struggled since their launch in July 2024, recording $610 million in net outflows, while Bitcoin ETFs faced $330 million in net outflows during the same period.
“Should the broad risk-on market environment continue, crypto and ETH may be supported and potentially reverse the net ETF outflows,” Citi analysts said in a note, though this would require improved activity on the Ethereum network.ratio has slightly fallen since the meeting. Still, the challenge remains significant: only about 30% of trading days have seen positive net inflows into spot ETH funds.
While Ethereum has seen outflows, Bitcoin ETFs, in contrast, continue to attract attention, with net inflows totaling $17.2 billion since their launch. Equities have emerged as the dominant macro driver for crypto. Notably, the crypto-USD correlation turned positive on August 5, a rare occurrence in recent years.
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