News Explorer — Ethereum Price Rises as Grayscale ETF Withdrawals Subside

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Aug 13, 12:30 pm

Decrypt

Ethereum Price Rises as Grayscale ETF Withdrawals Subside

Ethereum reached a weekly high of over $2,700 before experiencing a slight decline. The price drop comes after three consecutive days of outflows from U.S. spot Ethereum ETFs, which saw investors withdraw $42.4 million. However, institutional interest in Ethereum remains strong, with the European Investment Bank issuing its first digital bond on the platform.

Ethereum reached a weekly high of over $2,700 before experiencing a slight decline. The price drop comes after three consecutive days of outflows from U.S. spot Ethereum ETFs, which saw investors withdraw $42.4 million. However, institutional interest in Ethereum remains strong, with the European Investment Bank issuing its first digital bond on the platform.

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