160,000 net ETH inflows to CEX in 2 days after ethereum spot ETF approval
On July 26, Coinbase saw a net inflow of 160,930 ETH in 2 days following the approval of the Ether Spot ETF, according to CryptoQuant data.
Analysts believe that the net ETH inflow/outflow data could be a leading indicator of whether Grayscale's spot ETF (ETHE) will continue to exert selling pressure.
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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