Ethereum dropped 8%, resulting in $113 million in ETF losses. Grayscale's withdrawal of $327 million is the primary cause, despite positive inflows from Fidelity and Bitwise. Ethereum's price now stands at $3,175. The decline is also linked to a poor performance in U.S. tech stocks, with major companies like Nvidia and Tesla seeing significant losses. The timing of the ETF launch could have been better given the market conditions. #Ethereum #ETF #Grayscale #CryptoMarket📈