The Impact of Ethereum ETF Outflows on Crypto Payroll Adoption
So it looks like the U.S. cryptocurrency market is having a bit of a rough patch with spot Ethereum ETFs. They’ve been seeing some pretty significant outflows recently, with December 18th alone recording a whopping $97.67 million in net exits. This has got me thinking about what this means for crypto payroll, especially for businesses that are considering adopting cryptocurrency payments for their employees.
Decoding the Outflows
Now, to break it down a bit, BlackRock’s iShares Ethereum Trust led the charge with a $103.3 million outflow that day. But, on the flip side, Grayscale’s Ethereum Trust and its Mini ETH fund actually saw a small uptick in net inflows of $2.74 million and $2.89 million respectively. So it’s not all doom…
