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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
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Dare to trade. Dare to win.
Opinion: The record net outflow of Ethereum ETFs in a single day indicates a short-term profit pullback and does not represent a decline in institutional interest.
BlockBeats news, on August 5, regarding the record net outflow of Ethereum Spot ETF in the U.S. yesterday, LVRG research director Nick Ruck stated: "While this may signal a short-term pullback after ETH's recent pump, it does not necessarily reflect a decline in institutional demand, especially considering the industry's record inflow of $5.4 billion in July and corporate accumulation of ETH." Kronos Research's Chief Information Officer Vincent Liu also holds a similar view. "This trend reflects fluctuations in short-term profit-taking and risk-averse sentiment, rather than a rejection of long-term ETH holdings." (The Block)