🌐 Citibank mentioned in a research report on Friday that the crypto market has performed weakly since the launch of the Ethereum spot ETF in the United States on July 23. Although other risk assets have also failed to break out, the performance of cryptocurrencies adjusted for volatility has been particularly disappointing. 💔📉
🔍 Citi pointed out that unless the market has more clear expectations about the future of the "soft landing and hard landing" of the US economy, ETF flows may continue to be sluggish. ⏳📉
