Grayscale Ethereum ETF Outflows May Subside Soon: Analyst

IconCryptoNewsTerminal Staff29 Jul, 2024

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Grayscale Ethereum ETF Outflows May Subside Soon: Analyst

Michaël van de Poppe, a well-known crypto analyst, has observed a trend of significant outflows from the Grayscale Ethereum ETF. According to his analysis, the ETF has experienced daily outflows ranging from $350 million to $500 million over the past four days, resulting in a decrease in its Assets Under Management (AUM) from $9.2 billion to $7.6 billion. Van de Poppe predicts that these outflows will likely continue for approximately another week, potentially bringing the AUM down to $5-6 billion. He believes that once this period of outflows subsides, it could have a positive impact on the price action of Ethereum.

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