First Mover Americas: Crypto Rebounds From Monday's Chaos

Spot ether ETFs saw nearly $49 million of inflows on Monday, even as the ETH price dropped as much as 20%. Ether suffered its biggest single-day drop since 2021, as Jump Crypto moved large amounts of assets to exchanges ahead of potential sales. Professional investors appeared to buy the dip, however, with ETH ETFs trading over $715 million, the highest since July 30. The ETFs remain in the red, however, having recorded net outflows of $460 million since their introduction. Their bitcoin equivalents, in comparison, saw over $1 billion of inflows within their first 12 days.