Ether Rises Above $3.5K Ahead of ETH ETF Trading, But Inflow Concerns Remain

“Market participants are also closely monitoring Grayscale’s US$9 billion ETH Trust, as there are concerns that Grayscale’s potential selling pressure could counteract the positive effects of the new inflows, potentially exerting downward pressure on the market,” wrote Vivien Wong, partner at HashKey Capital’s Liquid Funds, in a Tuesday email to CoinDesk.