Ether (ETH) plummeted 8.75% following the launch of US spot ETFs, reaching $3,170. 📉
- "Sell-the-news" effect: investors sell assets after an expected event.
- Day two: $113.3 million outflow from spot ETFs.
- Grayscale Ethereum Trust lost $326.9 million due to high fees.
- Correlation with BTC and the fall of tech giants increases pressure.
Be careful in the market!