In recent days, US Ether ETFs have faced outflows. However, experts signal optimism about potential recovery.
Current Outflow Situation of Ether ETFs
US Ether ETFs have experienced four consecutive days of net outflows during a shortened trading week influenced by the US Labor Day holiday. In August, Ether ETFs attracted $3.87 billion in net inflows, while Bitcoin ETFs faced $751 million in outflows during the same period.
Expectations for Inflow Recovery into Ether ETFs
Market participants and crypto traders express optimism about a potential recovery of inflows into Ether ETFs. Crypto trader Ted highlighted this sentiment, noting that he expects inflows to return if Ethereum's price momentum persists. On Friday alone, Ether ETFs recorded outflows totaling $446.8 million, contributing to a total net outflow of $787.6 million over the four-day span.
Long-Term Outlook for Ether
Despite recent outflows, confidence in Ethereum's potential remains strong. Tom Lee, chairman of BitMine, reiterated his bullish forecast that ETH could reach $60,000 over time, comparing the growing Wall Street interest in Ethereum to a historic '1971 moment' that could drive prices upward.
Despite current outflows, there remains significant interest in Ethereum, which could lead to a recovery in inflow in the future.
