Grayscale’s Ethereum ETF Outflows Will Decrease, Analyst Says
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According to analyst Mads Eberhardt from Steno Research, it is likely that the significant outflows from Grayscale’s Ethereum ETF (ETHE) will decrease by the end of this week, leading to a rise in the price of ETH.
This comes as Ether ETFs have experienced outflows of $98 million in the last four days. Since its conversion, ETHE has lost over $1.7 billion in outflows, accounting for 18% of its initial $9 billion.
This has hindered overall net inflows for Ether ETFs, despite eight other ETH ETFs seeing positive flows.
The largest inflows have been from BlackRock with $500 million, followed by Bitwise with $276 million, and Fidelity with $244 million.
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