Ethereum ETF Sees Significant Outflow Due to Grayscale's Trust | Flash News Detail | Blockchain.News
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7/25/2024 5:00:01 PM

Ethereum ETF Sees Significant Outflow Due to Grayscale's Trust

Ethereum ETF Sees Significant Outflow Due to Grayscale's Trust

According to @CryptoMichNL, the Ethereum ETF has experienced a significant outflow of $800 million on its second day, which is about 8% of the actual trust. This outflow is attributed to Grayscale's Trust. The market is expected to reverse upwards once this outflow reduces to below $100 million.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast