Analysis: Yesterday's record high daily net outflow of US spot Ethereum ETF is short-term profit taking, but it does not mean a decrease in institutional demand

According to a report by Golden Finance, the US spot Ethereum ETF experienced a net outflow of $465.1 million on Monday, marking the largest single day outflow since its listing. LVRG Research research director Nick Ruck said that considering the record breaking $5.4 billion inflow into the sector in July, this outflow may only reflect short-term profit taking and does not represent a decrease in institutional demand.