Ethereum ETF sees nearly $500 million net outflow in a single day

& B Summarized from 7 articles.

Market Overview

• ETH price fell from a high of $3878 to $3576, with an 8% decline over the week

• The US ETH ETF had a net outflow of $152 million in a single day, ending a 20-day inflow streak

• Overall, ETF funds in July still saw a net inflow of $5.43 billion, setting a historical high

Driving Factors

• Short-term profit-taking: ETH rose over 15% in July, triggering technical sell-offs

• Institutional behavior divergence: BlackRock increased holdings, but Grayscale Trust saw over $37 million outflow in a day

• Policy environment: SEC approved the physical redemption mechanism, but expectations for Federal Reserve interest rate hikes fluctuate

Technical Aspects and Strategies

• Key support: $3400-3500 range (20-day moving average and previous low)

• Strong resistance zone: above $3800 (July high pressure line)

• Suggested strategy: If it breaks below $3400, consider a speculative layout, keeping the position within 10% of total assets

Market Outlook

• ETF premium rate has dropped from 3.2% in July to 0.8%, narrowing arbitrage space

• Community discussions are divided, with some opinions considering this a healthy adjustment

• ETF net asset scale remains at a high of $21.5 billion, with deep market support still present $BTC $ETH #美国加征关税 #加密股IPO季