Research Firm Says Wall Street Doesn’t Understand Ethereum As Outflows Plague Spot ETFs
Summary
Spot Ethereum ETFs have had mixed flows in their first three days of trading. Institutional investors are hesitant due to a lack of understanding of Ethereum's use case. 10x Research suggests that the issuers have struggled to explain ETH and have not marketed the funds effectively. The research firm is bearish on ETH due to stagnant fundamentals and diminishing use case. Outflows, particularly from Grayscale's ETHE, have put significant selling pressure on ETH.
