📢 Cryptocurrency and blockchain news! 🚀

🔹 Ethereum ETF recorded seven days of outflow, losing $5.7 million as of August 23. Total assets now stand at $464 million.

🔹 Despite this, the total assets in the Ethereum ETF reach $7.65 billion. Grayscale Ethereum Trust leads with $5 billion.

🔹 Analyst Noel Acheson believes that institutional investors still prefer Bitcoin, but interest in the Ethereum ETF may grow in the future.

🔹 The main reason for the outflow is the possibility of earning on Ethereum staking, which brings in about 3% per annum.

🔹 Ethereum is inferior to Bitcoin this year: ETH growth is less than 20% versus 45% for BTC. Competition from Solana and Tron is also affecting Ethereum's position.

💬 What do you think about the future of Ethereum ETF? Share your opinions in the comments!