🔥What happened this week with the Ether spot ETF listing?
Approval was recently given for Ether spot #ETF. , so that it can be listed on the United States stock exchange, however, the market reaction was not so euphoric, dropping the price of the asset to the current $3,250.
There are different factors that can explain this fact. The first is that there is a migration of investors who are leaving the #grayscale ETF due to high fees. According to Sosovalue, in the last 3 days $178 million dollars have left #mercado .
Another factor that marks this lukewarm market response is the issue of #Staking , where some investors prefer to have the asset directly and earn returns. Lastly, there is a low understanding about #Ethereum compared to Bitcoin, causing investors to remain cautious. All this happens in the short term, over time this can change.
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