Citi Report: Crypto Market Struggles Since Launch of Spot Ether ETFs

According to a report by Citi, the cryptocurrency market has faced challenges following the introduction of spot ether ETFs. The bank noted that in the past month, there have been net outflows in spot bitcoin and ether ETFs. However, stablecoins have continued to see growth in their market caps. Citi's research report highlights the struggles faced by the cryptocurrency market since the launch of spot ether ETFs on July 23 in the U.S.