BlockBeats news, on August 5th, regarding the largest single-day net outflow of the U.S. Ethereum Spot ETF yesterday, LVRG research director Nick Ruck stated: "While this may signal a short-term profit pullback after ETH's recent rise, it does not necessarily reflect a decline in institutional demand, especially considering the record $5.4 billion inflow into the industry in July and companies' accumulation of ETH." Kronos Research's Chief Information Officer Vincent Liu also shares a similar view. "This trend reflects short-term profit-taking and fluctuations in risk-averse sentiment, rather than a rejection of long-term ETH holdings."

ETH-2.19%
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