📉 Ether (ETH) is back on the agenda!
- On August 1, net inflows into US spot Ethereum ETFs totaled $28.5 million, despite cumulative outflows from Grayscale’s Ethereum Trust exceeding $2 billion.
- BlackRock’s iShare Ethereum Trust (ETHA) led the way with inflows of $91.4 million.
- Grayscale’s Ethereum Trust recorded an outflow of $78 million, which is 22% of the original fund.
- Analysts predict that the slowdown in outflows could be a turning point for the ETH price.
Source: Tree of Alpha, Steno Research, TradingView