BlockBeats News, on August 5, regarding the record net outflow of the US Ethereum spot ETF yesterday, LVRG Research Director Nick Ruck stated: 'While this may signal short-term profit-taking after ETH's recent rise, it does not necessarily reflect a decline in institutional demand, especially considering the industry's record inflow of $5.4 billion in July and the accumulation of ETH by enterprises.'
Kronos Research Chief Information Officer Vincent Liu also holds a similar view. 'This trend reflects short-term profit-taking and fluctuations in risk aversion, rather than a rejection of long-term holdings of ETH.' (The Block)
