Spot $ETH ETF, will be launched soon, why is ETH falling instead of rising?

The approval and upcoming online trading of Ethereum ETF is considered an important progress in the integration of the cryptocurrency market into the mainstream financial system.

Although this news usually triggers a positive reaction in the market, the actual situation has seen a short-term decline in the price of Ethereum. This reaction may be a common phenomenon in the market, namely the so-called "sell the news" effect, that is, the price drop after the announcement of major news.

Analysts pointed out that ETFs may face pressure from capital outflows in the initial stage, mainly due to investors' adjustments to new financial instruments and the market's reaction. However, in the long run, the launch of Ethereum ETF is expected to bring more liquidity and maturity to the cryptocurrency market and become a new engine for its growth.

Therefore, everyone should remain rational when facing major market news, and comprehensively consider market sentiment, product characteristics and macroeconomic trends to formulate long-term investment strategies. Don't worry, wait for the climb! $BTC $BNB #以太坊ETF批准预期 #比特币大会 #美国大选如何影响加密产业？ #拜登退选 #币安7周年