Ether price drop due to investor sentiment, not $420M ETF outflows — Nansen
Ether’s price is subdued by a lack of risk appetite among investors caused by wider macroeconomic conditions.
Ether’s sluggish price action is driven more by a lack of investor interest than by the ongoing outflows from spot Ether exchange-traded funds (ETFs).
The price of Ether (ETH) has fallen by more than 26% since the launch of United States-based spot Ether ETFs on July 23. The ETFs have recorded a cumulative $420.5 million in net outflows since their launch date.
However, Ether’s price isn’t struggling due to the continued ETF outflows but due to a lack of risk-on appetite among investors, according to Aurelie Barthere, the principal research analyst at Nansen onchain analytics platform.
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Author: Zoltan Vardai
