🥺 Here is the Main Reason for the Fall of Ethereum
Total net outflows from Grayscale's Ethereum spot ETF, according to SoSoValue
(ETHE) amounted to $2 billion.
While ETHE is experiencing significant outflows, other spot ETFs are seeing gains. The Fidelity Ethereum Fund (FETH) recorded its largest net inflow yesterday, adding over $6 million, for a total FETH net inflow of $297 million.
🔥 Similarly, positive dynamics are observed in other ETFs,
for example, the Ethereum ETF from BlackRock (ETHA) added $712 million, as a result, the greatest pressure on Ethereum comes from Grayscale; as soon as it stops selling ETH, its price will resume growth.
