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HomeCRYPTOCURRENCY Ethereum Withdraws 3 Billion from Exchanges After Approval of ETFs

Ethereum Withdraws 3 Billion from Exchanges After Approval of ETFs

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The upcoming introduction of spot Ether ETFs is anticipated to generate significant attention from investors, mirroring the excitement seen with Bitcoin ETFs earlier this year. According to data from BitMEX Research, Bitwise’s BITB saw the largest amount of inflows on the initial day of trading, totaling $237.9 million. This was closely followed by Fidelity’s FBTC with $227 million and BlackRock’s IBIT with $111.7 million.

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