Ethereum Slips Below $3200 as Ether ETFs Log First Outflows

Ethereum ETFs have recently gone live for trading. The performance of the ETFs have taken a reverse course.  The downward pressure has impacted ETH’s price. The long-awaited Ethereum exchange-traded funds recently arrived upon the regulatory greenlight of the Securities and Exchange Commission (SEC), approved for trading on July 22, 2024. Prior to their launch, speculation was abound about how these new investment vehicles would perform, especially in comparison to the impressive debut of their predecessor, the Bitcoin ETF. However, just two days in, the outlook for the newly launched Ethereum ETFs is already starting to look grim. Ether ETFs

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