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Opinion: Ethereum ETF Sets Record for Single-Day Net Outflow, Signaling Short-Term Profit-Taking Rather Than Decline in Institutional Interest
Summary: In response to reports that the US Ethereum spot ETF experienced the largest single-day net outflow yesterday, LVRG research director Nick Ruck stated that while this may indicate short-term profit-taking after recent ETH gains, it does not necessarily reflect a decrease in institutional demand, especially considering the record $5.4 billion inflow into the industry in ...
In response to reports that the US Ethereum spot ETF experienced the largest single-day net outflow yesterday, LVRG research director Nick Ruck stated that while this may indicate short-term profit-taking after recent ETH gains, it does not necessarily reflect a decrease in institutional demand, especially considering the record $5.4 billion inflow into the industry in July and corporate accumulation of ETH.
Vincent Liu, Chief Information Officer at Kronos Research, shares a similar view. This trend reflects short-term profit-taking and fluctuations in risk aversion, rather than a rejection of long-term ETH holdings.
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Link: Opinion: Ethereum ETF Sets Record for Single-Day Net Outflow, Signaling Short-Term Profit-Taking Rather Than Decline in Institutional Interest [Copy]
