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TechFlow, Aug 5 — According to The Block, U.S. spot Ethereum ETFs saw a net outflow of $465.1 million on Monday, marking the largest single-day outflow since their launch.
Nick Ruck, Head of Research at LVRG Research, said that given the sector's record $5.4 billion inflow in July, this outflow likely reflects only short-term profit-taking and does not indicate a decline in institutional demand.
According to The Block, U.S. spot Ethereum ETFs saw a net outflow of $465.1 million on Monday, marking the largest single-day outflow since their launch. Nick Ruck, Head of Research at LVRG Research, said that given the sector's record $5.4 billion inflow in July, this outflow likely reflects only short-term profit-taking and does not indicate a decline in institutional demand.
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