The launch of Ethereum spot ETFs in the US was expected to bring a wave of institutional investment into ETH following the success of Bitcoin ETFs. However, the reality has been far from bullish, as investors have pulled a staggering $358 million from US Ethereum spot ETFs in just 11 days.
Investors Withdraw $358 Million from Ethereum Spot ETFs in the U.S. in Just 11 Days
According to recent market data, Ethereum spot ETFs in the US have recorded persistent outflows for the past 11 consecutive days, shedding approximately $358.1 million as investor sentiment weakens amid a downturn in Ethereum’s price.
Over the last 11 days, US Ethereum spot ETFs like ETHA have seen a total net outflow of $137.6 million. Fidelity’s FETH and Grayscale’s ETHE have also contributed significantly to the overall decline, reflecting a broader retreat by US Ethereum spot ETFs’ investors.
However, Ethereum spot ETFs still hold substantial assets, with their combined holdings amounting to approximately $7 billion. In contrast to the struggles of Ethereum spot ETFs, Bitcoin ETFs in the US have experienced a starkly different trend. BTC spot ETFs have registered four consecutive days of net inflows, bringing their cumulative total to an impressive $35.8 billion since January last year.
FloppyPepe (FPPE): The Utility-Backed Meme Coin Set For Massive Gains
In contrast to many meme coins that rely solely on hype, FloppyPepe (FPPE) offers real utility, positioning itself as a sustainable, high-growth investment in crypto.
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In a move that pays homage to meme culture, this groundbreaking project plans to invite Matt Furie, the creator of Pepe the Frog, to inaugurate the wall and celebrate the legacy of his beloved characters.
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In addition, FloppyPepe (FPPE) has emphasized security and transparency by getting its smart contract audited by SolidProof, a well-known blockchain security firm.
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Ethereum ETFs Struggles, FloppyPepe (FPPE) Rises
The $358 million outflow from US Ethereum spot ETFs signals that investors are looking elsewhere for returns, and FloppyPepe (FPPE) is quickly emerging as one of the most promising meme coins of the year.
The FloppyPepe (FPPE) token recorded remarkable success in its private sale, raising over $900,000 in just 24 hours. This signals immense confidence from investors in the meme coin’s potential for success.
Crypto expert NASS CRYPTO has predicted massive gains for early Floppy (FPPE) investors, signaling the best time to get in before the next big surge. Take action now in this utility-backed meme coin’s presale and secure massive returns on investment.
Join the FloppyPepe (FPPE) presale and community:
Website: https://floppypepe.io/
Whitepaper: https://floppypepe.gitbook.io/floppypepe.io
Telegram: https://t.me/floppypepeofficial
X (Twitter): https://x.com/floppypepe
