Ethereum

Flow

bullish

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Grayscale’s Ethereum Trust ETF experienced $1.5 billion in outflows from 23rd to 26th July.</li>
 <li>BlackRock’s iShares Ethereum Trust ETF attracted $87.2 million in inflows on 26th July.</li>
</ul>
<p>The Grayscale Ethereum Trust ETF [ETHE] saw a substantial decrease in funds from the 23rd to the 26th of July, with total outflows exceeding $1.5 billion. The most significant single-day net outflow was $356 million, which occurred on the 26th of July. This data was provided by Farside Investors.</p>
<h2 id="grayscale-s-record-breaking-outflows">Grayscale’s Record-Breaking Outflows</h2>
<p>This dramatic decrease signifies a significant shift in investor sentiment. It leads to the question of whether investors should buy <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> before a potential price increase due to Grayscale’s dwindling supply and higher demand.</p>
<p>Market analysts have suggested that buying ETH before Grayscale runs out could be a straightforward trade. This advice is based on the assumption that scarcity could drive up the price.</p>
<h2 id="ethereum-s-market-performance">Ethereum’s Market Performance</h2>
<p>In terms of <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum’s</a> market performance, the largest altcoin was trading at $3,366, a 4% increase over the past 24 hours. The Relative Strength Index (RSI) was above the neutral level at 51, indicating a bullish momentum. The closing Bollinger Bands showed decreasing volatility, which suggests that the bullish trend could continue.</p>
<h2 id="eth-etf-flow-analysis">ETH ETF Flow Analysis</h2>
<p>Despite the outflows from Grayscale’s Ethereum Trust ETF, the Ethereum Mini Trust ETF experienced a net inflow of $44.9 million on the 26th of July. Its total net inflows since inception have reached $164 million.</p>
<p>In contrast, BlackRock’s iShares Ethereum Trust ETF (ETHA) saw significant investor interest, recording a net inflow of $87.2 million on the same day. This surge brought ETHA’s total net inflows to $442 million, indicating its leading position in the market.</p>
<p>Despite Grayscale’s underperformance, investor optimism for Ethereum ETFs remains strong, thanks to inflows into other ETFs.</p>

Ethereum ETF Impact: What’s Next as ETH Speed Slows Down?

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