Analysis: Grayscale ETHE Outflows Expected to End by Next Week

IconCryptoNewsTerminal Staff26 Jul, 2024

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Analysis: Grayscale ETHE Outflows Expected to End by Next Week

## Grayscale ETHE Outflows Nearing Conclusion According to Coindesk, Steno Research analyst, Maz Eberhart, predicts the outflows from Grayscale's spot Ethereum ETF, ETHE, could end by next week. He stated, "ETHE's outflows have been much stronger and faster than the outflows we saw when GBTC converted to an ETF in January." Eberhart suggests that "once ETHE outflows subside, we should see a resumption of inflows into other ETH spot ETFs, resulting in a potential turn in the overall ETH spot ETF fund flows, which could be positive for the price of ETH." However, SynFutures founder, Rachel Lin, cautions that "Grayscale ETHE currently holds ~$8 billion worth of ETH, of which ~10% has been sold in the last couple of days. If this trend continues, downward pressure on the price of ETH is likely." ---

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