# How Did ETFs Perform?

*Author: Bankless*
*Published: Jul 24, 2024*
*Source: https://www.bankless.com/es/how-did-etfs-perform*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Frame-50567--7--1.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=eth-etf-expectation&email=true)

  

How Did ETFs Perform?
    
  

  
  Published on July 24, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Mt. Gox Floodgates Open
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Group-14--79-.png)](https://www.bankless.com/dashboard)- 🌊 **Mt. Gox Creditor Floodgates Are Opening.** With Kraken already beginning distributions, Bitstamp is close behind.
[*Read more on Bankless.com*](https://www.bankless.com/mt-gox-creditor-floodgates-are-opening)
- ⚛️ **Proton Mail Maker Debuts Bitcoin Wallet. **Proton has launched early access to its self-custody Proton Wallet.
[*Read more on Bankless.com*](https://www.bankless.com/proton-mail-maker-debuts-bitcoin-wallet)
- 🏦** Coinbase Reportedly Planning Tokenized Money-Market Fund. **The exchange has its own plans to enter the hot sector.
[*Read more on Bankless.com*](https://www.bankless.com/coinbase-reportedly-planning-tokenized-money-market-fund)
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    MARKET VIBES

  
  

    Stocks Flop
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Just as Ethereum makes its spot ETF debut on Wall Street, stock markets are facing some problems. Today, the S&P500 closed [down more than 2%](https://x.com/unusual_whales/status/1816201692888850571), ending a 356-day streak of staying above that marker. More than $1.1 trillion in value was [erased](https://x.com/fintwit_news/status/1816207296768197101) from the U.S. stock market.

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.37T
       

 
    
    ↘1.3%
    
    
  

  
    
    ↗0.8%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $65,584
       

  
    
    ↘0.4%
  

   
    
    ↗2.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,335
       

  
    
    ↘3.5%
    
  

   
    
    ↘2.0%
    
  
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/2586.png)
    

  **SNX**
   
          $1.70

       

  
    
    ↘2.9%
    
  

   
    
    ↘12.3%
    
  

  

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🔒**New Token Rating: Synthetix** has bounced off its July 4th bottom but remains an underperformer over the past month. Can SNX turn it around in the months to come?[Unlock SNX on Token Hub](https://www.bankless.com/tools/token-hub/synthetix)

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ANALYSIS

  
  
    
   
Did ETH ETF Debut Meet Expectations?
  
  
   
     
     Bankless Author: 
     
       [
       
       Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-24T145147.787-1.png)](https://www.bankless.com/eth-etf-expectation)Spot Ethereum ETFs have completed one full day of trading, leaving one question on everyone's minds: **how did these products perform?**

While many were disappointed that ETH price was fairly stagnant on launch day, trading within a relatively tight 5% range and closing the day practically flat, all things considered, the launch of these products could have been much worse.

*See how we grade the first day's performance *👇

[Read the Analysis](https://www.bankless.com/eth-etf-expectation)
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