Significant Decrease in Grayscale ETHE Outflows, Market Sentiment May See a Turnaround
Publication Time:2024-08-03 21:06:07
According to Golden Finance’s report, there has been a notable change in the outflow of Grayscale's Exchange-Traded Fund (ETF) ETHE over the past week. Compared to the substantial withdrawal seen last week, the outflow has significantly reduced by about 80%. Specifically, starting from Monday, Grayscale sent approximately 108,800 ETH to Coinbase, equivalent to around $367.6 million in market value. However, by Friday, this figure dropped sharply to about 24,900 ETH, which is approximately $78.4 million in market value. This data change suggests that the enthusiasm for investing in Ethereum in the market seems to be warming up, and the confidence of investors in this asset may be on the rise.
Ethereum
ETHE
Grayscale
market sentiment
Exchange-Traded Fund