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Stock Market Crashes, $1 Trillion Lost📉Grayscale Crashes Crypto🔥

DeFi Daily News by DeFi Daily News
July 25, 2024
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Stock Market Crashes,  Trillion Lost📉Grayscale Crashes Crypto🔥
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Big Tech stocks were mixed on Thursday, with the losers weighed down by fears that the AI premium might soon fizzle out. The much-anticipated launch of Ethereum spot ETFs has failed to ignite the market as expected, with Grayscale’s Ethereum Trust ETF bearing the brunt of investor skepticism. Wednesday saw a staggering $133 million net outflow from ETH spot ETFs, with the Grayscale Ethereum Trust (ETHE), which was converted to a spot ETF on Tuesday, hemorrhaging $327 million.

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Tags: BitcoinCrashesCryptocrypto newscrypto updateEthereumethereum etffinanceGrayscaleLivelivestreamLostGrayscalemagnificent 7MarketStockStock marketTrillion
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