Yes, #ETH's ETF is here.
It's basically the same as what I expected in the afternoon. After more than a month of approval, ETF has disenchanted the market and there is no obvious heat.
Of course, without a good rise, there is not much Sell the news. The 1-hour line is an emotional release after the announcement of the ETF's approval.
Grayscale's selling pressure is not as strong as imagined. MiniETF still has some effect. At the same time, ETH's ETF also makes us clearly understand a truth. This market has gradually disenchanted #ETF, and if everything goes well, there will be many ETFs, and ETF will not become a symbol of too much benefit. A new narrative is needed.
At present, the crypto market, for ETH and cottage, is actually similar to the US economy. They are all in an inflationary stage, especially many cottages, which are in a stage of hyperinflation. The tokens are unlocked. If it is a normal market, there will be retail investors to take over, but the current market lacks liquidity, and inflation is naturally terrible.
Let's wait for interest rate cuts and QE to come. Although it won't bring too much new liquidity, it can activate a lot of dormant funds, which is a good thing.
