Analysis: Grayscale’s ETHE could be exhausted in a matter of weeks
Grayscale's ETHE spot Ethereum ETF saw a significant net outflow in the first few days of trading, totaling $1.2 billion. The outflow of funds from ETHE has exceeded the net inflow of other spot Ethereum ETFs, but at this rate, the assets it manages may be depleted in a matter of weeks. Analysts suggest that ETHE may continue to exert selling pressure on the Ethereum price until the net outflow subsides.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
