Nansen analyst: The drop in ETH price is due to investor sentiment, not ETF fund outflows

ChainCatcher news, according to Cointelegraph, since the launch of the U.S. Ethereum spot ETF on July 23, the price of Ethereum has dropped by more than 26%, with a cumulative net outflow of funds reaching $420.5 million.

However, Aurelie Barthere, chief research analyst at the on-chain analytics platform Nansen, stated that the decline in Ethereum's price is not due to the ongoing outflow of funds from the ETF, but rather a lack of risk appetite among investors.