According to a report by Golden Finance, data from CryptoQuant indicates that following the approval of an Ethereum spot exchange-traded fund (ETF), there was a net inflow of 160,930 ETH into Coinbase over a period of two days. Analysts believe that the net inflow/outflow figures for ETH could be a leading indicator of whether Grayscale’s spot ETF (ETHE) will continue to exert selling pressure.