5 hours ago

ETH Price Crash: Fidelity, Grayscale, VanEck Lead ETF Sell-Off

TLDR Ethereum’s price experienced a sharp decline due to significant ETF outflows from Fidelity, Grayscale, and VanEck. Fidelity led the withdrawals, pulling $216.8 million from its Ethereum fund, followed by Grayscale and VanEck. BlackRock’s iShares Ethereum Trust saw a $148.8 million inflow, helping to stabilize Ethereum’s price to some extent. Whale addresses accumulated nearly $230 [...]

The post ETH Price Crash: Fidelity, Grayscale, VanEck Lead ETF Sell-Off appeared first on Blockonomi.

Source: Blockonomi →