Crypto
Ethereum Price Predicted to Reach $10K as Spot ETFs See Net Exit
Ethereum's price is being predicted to reach $10,000 by year-end according to Arthur Hayes. Currently, it is trading at around $2,675.
On September 29th, a net exit of $2.8 million occurred in spot Ethereum ETFs, with seven consecutive daily entry series coming to an end.
In contrast, Grayscale's ETH fund saw an influx of $12.8 million, while BlackRock and Fidelity funds experienced a combined withdrawal of $15.6 million.
A new address also withdrew 15.31 million dollars in Ethereum from Coinbase Prime, with the assets still to be transferred elsewhere.