I've seen posts on social media complaining (or farming engagement) about ETH ETFs. Specifically they are commenting on ETH dropping in price after they launched. Here are a few important facts to consider:
ETH, like BTC, will see some outflows and selling after launching. This isn't unusual. Also global markets cooled off a little at the same time the ETH ETFs launch. I expect ETH to see a little bearish churn initially but they should pick up by August.
And of course, the thing every investor is waiting for- the Fed is likely to end this rate cycle by September, and thats when we can expect to see crypto rally with str
- BTC was red for nearly a month after launching, losing over 20% [see chart below]
- Stocks had their worst day in 2 years at the same time the ETH ETFs launched
- Relax. Patience goes a long way here
ETH, like BTC, will see some outflows and selling after launching. This isn't unusual. Also global markets cooled off a little at the same time the ETH ETFs launch. I expect ETH to see a little bearish churn initially but they should pick up by August.
And of course, the thing every investor is waiting for- the Fed is likely to end this rate cycle by September, and thats when we can expect to see crypto rally with str
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