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)
You may also like
Gainers
Latest Crypto News
BNB Treasury Company CEA Industries Appoints Crypto Asset Expert Annemarie Tierney as Director
CME EBS Market will open at 8:00 PM
NBA Star Carmelo Anthony: Wanted to Invest in Cryptocurrency Years Ago, but Was Dissuaded by Friends
「Buddy」 reduced their HYPE long position in the last hour and increased their ETH long position.
Two South Korean police officers were charged with assisting $186 million in crypto money laundering through bribery.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]