đ **Ether Takes a Tumble!** đ
Hold onto your hats, crypto enthusiasts! Ether (ETH) just pulled a classic "sell-the-news" move, dropping 8.75% to $3,170 after the much-anticipated launch of eight spot Ethereum ETFs in the US. đ
- **What Happened?**
- Investors hit the sell button, erasing two weeks of gains.
- $113.3M outflows from spot ETFs, with Grayscaleâs Ethereum Trust leading the exodus.
- **Bright Spots:**
- Fidelity Ethereum Fund (FETH) and Bitwise Ethereum ETF (BITW) saw inflows of $74.5M and $29.6M, respectively.
- **Market Vibes:**
- Ether's 30-day correlation with Bitcoin is 0.90, so BTC's moves are dragging ETH along.
What do you think? Is this just a bump in the road or a sign of more to come? Drop your thoughts below! đŹ
