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Coinbase Sees 160,930 ETH Inflow Following Ethereum Spot ETF Approval

BlockBeatsJul 26, 2024

After the approval of the Ethereum spot ETF, Coinbase experienced a significant net inflow of 160,930 $ETH within just two days, according to CryptoQuant data reported on July 26. Analysts suggest that the net inflow and outflow data of $ETH could serve as a leading indicator for potential selling pressure from Grayscale's spot ETF (ETHE).

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Coinbase Sees 160,930 ETH Inflow Following Ethereum Spot ETF Approval

BlockBeatsJul 26, 2024

After the approval of the Ethereum spot ETF, Coinbase experienced a significant net inflow of 160,930 ETH within just two days, according to CryptoQuant data reported on July 26. Analysts suggest that the net inflow and outflow data of ETH could serve as a leading indicator for potential selling pressure from Grayscale's spot ETF (ETHE).

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