Stock Market Crashes, $1 Trillion Lost📉Grayscale Crashes Crypto🔥

The Paul Barron Crypto Show · Jul 26, 2024 · 21m · transcript

Big Tech stocks were mixed on Thursday, with the losers weighed down by fears that the AI premium might soon fizzle out. The much-anticipated launch of Ethereum spot ETFs has failed to ignite the market as expected, with Grayscale's Ethereum Trust ETF bearing the brunt of investor skepticism. Wednesday saw a staggering $133 million net outflow from ETH spot ETFs, with the Grayscale Ethereum Trust (ETHE), which was converted to a spot ETF on Tuesday, hemorrhaging $327 million.

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