**Crypto News Flash: Ethereum ETFs Stir Market Dynamics**

A Bitcoin analyst suggests that the recent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) might have been premature and could impact Bitcoin’s (BTC) price if no new capital enters the market. Charles Edwards, founder of Capriole Investments, believes that the ETH ETF will divert investor attention from Bitcoin.

- **Market Impact**: Since the launch of spot Bitcoin ETFs on Jan. 11, about $17.53 billion has flowed into 11 products. However, Bitcoin dominance has remained stable, with minor fluctuations.

- **ETH ETF Launch**: Spot Ether ETFs debuted on July 23, leading to a 9.2% drop in Ether’s price, now trading at $3,178. Bitcoin dominance increased slightly, up 2.81% over the week.

- **Analyst Views**: Edwards and other analysts agree that the market might see changes in the coming weeks. The initial reaction to ETH ETFs appears to be a "sell-the-news" event, similar to Bitcoin’s ETF launch.

Despite the current uncertainty, analysts remain hopeful for future market stabilization.