Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, July 24th. I'm Julie Morgan.

Etherium EDFs did not get off to a good start.

Tesla disappoints and Crowd Strike releases a preliminary review of the global meltdown that some businesses are still recovering from.

All US listed exchange-traded funds tracking the price of Ethereum concluded their first trading session lower on Tuesday as

ether slipped and concerns surrounding net inflows remained.

For example 21 shares core etherealm EDF fell 2.5%. Van Ecki Ethereum EDF fell 1.9% and

in Vespo Galaxy Etheorem EDF was down 1.5%.

The swing comes as the price of Ether slip 0.4% to 3.47K.

Grayscale Ethereum Trust, which is being converted to an EDF garnered the most investor

participation with daily volume reaching 15.5 million shares.

From there Black Rocks Itha saw 9.28 million shares change hands and Fidelity's theft at 3.97 million.

Now that the funds are live, investors are focusing on whether the Ether holding EDFs can achieve net inflows comparable to those of their Bitcoin counterparts, although skepticism remains prevalent.

Deren Bachai, investing group leader of the Aerospace Forum on Seeking Alpha,

thinks the Greyscale Ethereum mini-trust is the best option for investors who cannot directly purchase

ether. Fellow seeking alpha analyst Mike Faye meanwhile is opting for the

Franklin Etheorem E. T.F. For those who want to buy eith and hold for a possible rally

through the end of the year. He added that the Fidelity etherium Fund is the

best for long-term investment.

Tesla is down 7% in pre-market action after the company's EPS,

operating margins and free cash flow fell short of consensus expectations.

During the earnings conference call Elon Musk said discounting in the electric vehicle

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