Ethereum's price movement on January 9, 2025, is influenced by several factors impacting the broader cryptocurrency market. Notably, Fidelity's spot Ethereum ETF experienced a record outflow of $147.7 million, contributing to a total outflow of $159.3 million across nine Ethereum ETFs in the U.S. This significant withdrawal reflects a temporary decline in investor interest, as market participants reassess their positions amid volatile conditions. Additionally, the broader crypto market is grappling with heightened security concerns, as losses from hacking incidents and fraud reached $3.01 billion in 2024, further dampening investor sentiment.
The Volatility Shares Trust 2x Ether ETF (ETHU) is currently priced at $7.55, marking a 3.82% decrease from the previous close.