⛔⛔⛔It seems that ETH ETF is following the old path of BTC ETF, falling and then rising!
Or is it paving the way for ETH BTC to merge into a new ETF?
After the BTC ETF was passed, it took two weeks for funds to flow in on a large scale and steadily. The main ones sold were Grayscale funds. Now it seems that it may be like the situation of BTC ETF at that time. Some funds will be transferred to lower-cost funds for long-term holding, and some will be withdrawn and sold. After all, it has been bought for a long time. Grayscale has nearly 3 million coins. It is estimated that 20%-30% will be sold directly, which is about 600,000-1 million coins. Let's take a look at the data outflow and adjust the ratio. But now, it is not the time to buy Ethereum. The sale of ETH also affected the prices of other coins, including Bitcoin. Everyone saw this situation this morning... Then wait slowly, there should be good news in August.
