Bloomberg ETF Analyst: Ether ETFs Underperform in First Month Due to ETHE Unlocking
Bloomberg ETF analyst Eric Balchunas posted on the X platform that spot ethereum ETFs underperformed in the first month, with outflows reaching $476 million, as new launches failed to offset the impact of the unlocking of ETHE, and the influence was too much (which is why I'm reiterating how valiantly the nine new bitcoin ETFs performed). But the good news is that the unlocking will end and there will be light at the end of the tunnel.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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