Minimal Market Response to ETH Spot ETF Launch, Short-Term Decline Expected
CryptoNewsTerminal Staff23 Jul, 2024
Minimal Market Response to ETH Spot ETF Launch, Short-Term Decline Expected
ETH spot-based exchange-traded funds (ETFs) launched on several exchanges last week, but the market response has been modest. The launch of these ETFs has generated minimal trading volume, and the overall impact on ether (ETH) prices has been negligible. Short-term, ETH prices may experience a decline as traders sell off positions in anticipation of further consolidation.