According to BlockBeats, on July 30, Steno Research Senior Analyst Mads Eberhardt stated that the large-scale outflows from the Grayscale Ethereum ETF are expected to subside this week. Eberhardt noted that, based on the previous performance of the Grayscale Bitcoin ETF, outflows significantly decreased after the 11th trading day. Given that the outflows from the Grayscale Ethereum ETF are much higher relative to its assets under management (AUM), the peak outflow is anticipated to occur sometime this week, after which the outflows are likely to slow down.

Eberhardt further explained that the outflows from the Bitcoin ETF bottomed out on the seventh trading day, with the bottom occurring when the cumulative outflows from GBTC reached 13.2% of the original fund. Following this, the price of Bitcoin increased by approximately 92% over the next 50 days. In contrast, the outflow rate from the Grayscale Ethereum ETF has been much faster, reaching 17.3% in just four days. Additionally, the overall price correction of ETH relative to BTC has been smaller.