Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Concerns exist about Grayscale's $9 billion ETH Trust potentially exerting downward pressure on the market through selling, which could counteract the positive effects of new inflows.
“Market participants are also closely monitoring Grayscale's US$9 billion ETH Trust, as there are concerns that Grayscale's potential selling pressure could counteract the positive effects of the new inflows, potentially exerting downward pressure on the market,” wrote Vivien Wong, partner at HashKey Capital’s Liquid Funds, in a Tuesday email to CoinDesk.
ETH reversed losses from Monday’s trading session to gain 0.57% in the past 24 hours, CoinGecko data shows, outperforming the broad-based Market onlookers are debating if the ETFs could mirror the performance of their bitcoin counterparts, which were issued in January and have since attracted over
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