đ **Ether ETFs Flip Positive Amid Grayscale Outflows!** đ
August 1 saw Ether (ETH) ETFs back in the green with a net inflow of $28.5M, thanks to BlackRockâs iShare Ethereum Trust (ETHA) leading the charge with $91.4M. Meanwhile, Grayscaleâs Ethereum Trust (ETHE) faced $78M in outflows, pushing cumulative outflows past $2B since its spot ETF conversion on July 23.
Analysts predict the outflow slowdown could be a bullish sign for ETH prices. ETH currently trades at $3,168, down 8.5% since the ETF launch.
đŹ What do you think? Will ETH bounce back? Drop your thoughts below! âŹïž
