“Market participants are also closely monitoring Grayscale's $9 billion ETH trust due to concerns that potential selling pressure at Grayscale could offset the positive effects of new inflows and put downward pressure on the market,” Vivian Wong, partner at HashKey Capital's Liquid Fund, said in an email to CoinDesk on Tuesday.
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Ether Surpasses $3,500 Ahead of ETH ETF Trading, But Inflow Concerns Remain
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