Ether and Bitcoin ETFs Struggling Amidst Dwindling Demand, Says Citi Analysts
Tuesday, 27 August 2024, 08:49
Declining Demand for Ether and Bitcoin ETFs
The latest report from Citi indicates a troubling trend for ether and bitcoin ETFs. Analysts have observed that demand for digital assets has dried up significantly. This has resulted in considerable net outflows in recent weeks, raising eyebrows in the financial sector.
Citi's Insights on ETF Performance
With the cryptocurrency market constantly evolving, Citi analysts stress the challenges both ether etf and bitcoin etf face.
- Both ETFs have performed below expectations.
- Market sentiment remains bleak amid decreasing investor interest.
- Digital asset regulations may further influence future flows.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.