Krutika Adani
Ethereum ETFs have finally broken their nine-day-long outflow streak as Ethereum ETFs see a net inflow on 28 August 2024.
The Ethereum ETFs saw an inflow of $5.9 million on the tenth day.
Among all ETFs, Grayscale has emerged as the top ETH seller with a total outflow of $2.56 billion.
The high outflows have pinned the Ethereum price down at $2500, which is even lower than the levels before the ETF launch ($3,600).
The price of Ethereum might remain under $3,000 for a long time as the Grayscale ETF outflows do not pause anytime soon.