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Opinion: Ethereum ETF Sees Record Single-Day Net Outflow, Signaling Short-Term Profit Taking, Not Institutional Waning
BlockBeats News, August 5th. Regarding yesterday's largest single-day net outflow for a U.S. Ethereum spot ETF, LVRG Research Director Nick Ruck stated: "While this may indicate profit-taking after ETH's recent price surge, it does not necessarily reflect a decrease in institutional demand, especially considering the industry's record $5.4 billion inflow in July and corporate accumulation of ETH."
Kronos Research Chief Information Officer Vincent Liu also holds a similar view. "This trend reflects short-term profit-taking and fluctuating risk aversion sentiment, rather than a rejection of long-term ETH holdings." (The Block)
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