Grayscale Ethereum ETF's Bloodied Nose a Sign of More Pain to Come
CryptoNewsTerminal Staff23 Jul, 2024
Grayscale Ethereum ETF's Bloodied Nose a Sign of More Pain to Come
Grayscale Ethereum Spot ETF's heavy losses in its first day are an ominous sign for the rest of the market. With outflows of 5% or $484 million on its first day of trading, analysts are unsure if the remaining eight ETFs will offset those losses. The fund's poor performance could be a sign of more pain to come for the broader ETF market.