Grayscale ETHE Outflows to Moderate, Potentially Boosting ETH Prices

IconCryptoNewsTerminal Staff29 Jul, 2024

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Grayscale ETHE Outflows to Moderate, Potentially Boosting ETH Prices

Grayscale's ETHE, an ETH spot ETF, has experienced significant outflows in recent days. However, analyst Mads Eberhardt predicts that these outflows may moderate by the end of the week. This could potentially lead to a rise in ETH prices, as per Cointelegraph. According to Farside Investors, ETHE has seen net outflows of $1.723 billion over the past five trading days. Despite this, Eberhardt believes that the outflows could ease later this week. If his prediction holds, it could provide a boost to ETH's price. It's important to note that this is just an analyst's prediction, and the market can be unpredictable. However, if Eberhardt's analysis turns out to be correct, it could be good news for ETH holders.

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