According to U.Today, Eric Balchunas, senior ETF analyst at Bloomberg, has shared positive news for market participants concerned about the performance of Ethereum ETFs. Balchunas noted that these products are experiencing “very healthy” inflows and trading volumes, despite initial concerns.
However, Balchunas has cautioned that the next few days could be challenging for these products due to outflows from Grayscale’s ETHE. On Thursday, these highly anticipated products recorded $152.4 million in outflows, with Grayscale’s ETHE experiencing a significant loss of $346 on its first day. So far, Ethereum ETFs have only seen one day of positive inflows, which was on their debut day.
Despite the initial setbacks, Balchunas remains optimistic that the intensity of these outflows will decrease sooner compared to GBTC. The Ethereum price has been significantly impacted by the underwhelming post-debut outflows and the recent stock market decline. However, some market analysts believe that Ethereum's bearish trend will soon subside. Digital expert Miles Deutscher recently described the Ethereum pullback as
