Unknowingly, a week has passed, and the most important thing this week is the approval of Ethereum ETF
From the data, the performance of Ethereum spot ETF in the first week of trading is the same as that of Bitcoin spot ETF in the first week. Ethereum fell from 3563 to 3086. The reasons for the decline are as follows
1. Grayscale's high fee of 2.5% has driven funds to flow out again.
So far, Grayscale has outflowed $1.16 billion in four days
2. Although Grayscale launched a competitive 0.15% fee ETF (ETH), outflows still dominate, with only 10% of THE converted into ETH
3. The classic "buy hype and sell news" phenomenon in the crypto market leads to
