Bitcoin and Ethereum ETFs Face Another Day of Outflows
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 05 2024Negative Trends in Bitcoin and Ethereum ETFs: Both Bitcoin and Ethereum ETFs in the U.S. experienced significant outflows, with Bitcoin seeing $37.29 million and Ethereum $37.51 million on Wednesday. The SEC also delayed its decision on a new Bitcoin and carbon credit futures ETF until November.
Banking Developments in Crypto: Zurich Cantonal Bank launched 24/7 crypto trading and custody services for Bitcoin and Ethereum, while the U.S. Federal Reserve issued a cease-and-desist order to United Texas Bank over governance issues related to crypto customers, highlighting regulatory scrutiny in the sector.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
