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Mixed Analyst Views on Ethereum's Future Amid ETF Outflows

BitcoinSistemiJul 26, 2024

Analysts have mixed views on the future of Ethereum ($ETH) amid ongoing outflows from Ethereum ETFs. While some see the declines as a buying opportunity, others, like SynFutures CEO Rachel Lin, predict a negative short-term outlook for ETH. Despite strong initial inflows into new spot Ethereum ETFs, they have not been as effective as Bitcoin ETFs in offsetting outflows from Grayscale's Ethereum Trust, which has seen significant sales recently. Bloomberg ETF analyst Eric Balchunas also anticipates challenges for $ETH in the near future, despite strong inflows and transaction volumes in Ethereum ETFs.

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Mixed Analyst Views on Ethereum's Future Amid ETF Outflows

BitcoinSistemiJul 26, 2024

Analysts have mixed views on the future of Ethereum (ETH) amid ongoing outflows from Ethereum ETFs. While some see the declines as a buying opportunity, others, like SynFutures CEO Rachel Lin, predict a negative short-term outlook for ETH. Despite strong initial inflows into new spot Ethereum ETFs, they have not been as effective as Bitcoin ETFs in offsetting outflows from Grayscale's Ethereum Trust, which has seen significant sales recently. Bloomberg ETF analyst Eric Balchunas also anticipates challenges for ETH in the near future, despite strong inflows and transaction volumes in Ethereum ETFs.

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