After the US SEC approved Ethereum futures ETFs, outflows from Ethereum increased.

The question is will ETH price continue to rise? Ethereum investors are showing signs of positivity, and on-chain data shows token self-storage is on the rise. This increase brought the amount of ETH on exchanges to a five-year low, and exchange outflows peaked on October 4, 2023. History shows an increase in outflows Leaving the exchange is usually a positive sign and can predict future volatility.

At the same time, the launch of Ether futures products has increased the price of Ethereum, bringing hope of a potential bull run for ETH. In the case of Bitcoin, the approval of ETFs is facing difficulties, but there is still hope thanks to important developments in the lawsuits. Grayscale has also filed to convert their Ethereum Fund into a true Bitcoin exchange-traded fund.