Minimal Market Response to ETH Spot ETF Launch, Short-Term Decline Expected

IconCryptoNewsTerminal Staff23 Jul, 2024

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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.