Coinbase Sees 160,930 ETH Inflow Following Ethereum Spot ETF Approval

After the approval of the Ethereum spot ETF, Coinbase experienced a significant net inflow of 160,930 $ETH within just two days, according to CryptoQuant data reported on July 26. Analysts suggest that the net inflow and outflow data of $ETH could serve as a leading indicator for potential selling pressure from Grayscale's spot ETF (ETHE).