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Ethereum spot ETFs have seen net outflows overall since their launch last month, while the spot bitcoin ETFs launched earlier this year have been more successful, JPMorgan said in a research note on Wednesday. Ethereum funds saw net outflows of about $500 million, while bitcoin ETFs saw net inflows of more than $5 billion. The bank said the weak data from the Ethereum ETF was somewhat expected, pointing to bitcoin's "first mover advantage", lack of staking, and lower liquidity implications.

2024-08-28 14:00:40