Ethereum

Bitcoin ETF

Although Spot Ethereum ETFs experienced inflows on the first day, they continue their negative course with outflows in the following days.
Stating that ETH ETFs also follow the Bitcoin ETF process, analysts think that the outflows in Grayscale Ethereum Trust may end in the near future if they continue at this rate.
At this point, the majority of analysts state that these declines in ETH provide a buying opportunity. However, SynFutures CEO and co-founder Rachel Lin stated that she did not agree with this view and said that she expected a negative picture for ETH investors in the short term.
Speaking to CoinDesk, Lin stated that he expects a decline in Ethereum in the short term and said:
<blockquote>
 “As we have seen with Bitcoin, Grayscale's Ethereum ETF fund has become a net seller in the market, with outflows of over $810 million since the ETF launch.
 Grayscale currently holds more than $8 billion in ETH, and about 10% of that has been sold in the last two days alone. If this trend continues, Grayscale could reach the 50% mark much sooner than Bitcoin.
 But this would also mean further declines for Ethereum.”
</blockquote>
Apart from Rachel Lin, Bloomberg ETF analyst Eric Blchunas also stated that the coming days may be difficult for ETH.
Stating that the eight new spot Ethereum ETFs were not as effective as the nine Bitcoin ETFs in balancing Grayscale ETF outflows, Balchunas said that ETH ETF inflows and transaction volumes remained strong.
The analyst, who thinks that ETH outflows will decrease faster than GBTC in the face of the intensity of Grayscale outflows, said, “Although the outlook for Ethereum ETFs is positive, the coming days may still be challenging.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/how-will-eth-price-move-while-the-negative-trend-in-ethereum-etfs-continues-analysts-evaluated/" rel="noopener noreferrer nofollow">How Will ETH Price Move While the Negative Trend in Ethereum ETFs Continues? Analysts Evaluated!</a>

How Will ETH Price Move While the Negative Trend in Ethereum ETFs Continues? Analysts Evaluated!

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Інші статті, опубліковані 26 лип. 2024 р.

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