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Opinion: The outflow of funds from Grayscale Ethereum Trust may put pressure on the price of ETH

Bitget2024/07/23 14:43

Jupiter Zheng, a partner at Hashkey Capital Liquid Fund, stated that the outflow of funds from Grayscale Ethereum Trust could put pressure on ETH prices following today's ETF launch. It may also suppress market sentiment in the short term. However, similar to Bitcoin ETFs, investors might shift their funds to options with lower fees.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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