Ethereum ETF sell-off signals more trouble — 10x Research
According to insights from 10x Research, the recent launch of Ethereum ETFs triggered a sell-off and revealed shifting market dynamics.
The long-awaited launch of spot Ether exchange-traded funds (ETFs), which brought optimism to the market, quickly led to a sell-off and subsequent decline in the price of Ether.
According to the latest 10x Research report, this sell-off trend closely follows a familiar pattern seen by previous crypto ETF launches, including spot Bitcoin (BTC) ETFs.
Speaking with Cointelegraph, Markus Thielen, the founder of 10x Research, explained that many traders “anticipated Ethereum ETFs would capture 20% of Bitcoin ETF inflows.”
According to insights from 10x Research, the recent launch of Ethereum ETFs triggered a sell-off and revealed shifting market dynamics.
The long-awaited launch of spot Ether exchange-traded funds (ETFs), which brought optimism to the market, quickly led to a sell-off and subsequent decline in the price of Ether.According to the latest 10x Research report, this sell-off trend closely follows a familiar pattern seen by previous crypto ETF launches, including spot Bitcoin (BTC) ETFs.Speaking with Cointelegraph, Markus Thielen, the founder of 10x Research, explained that many traders “anticipated Ethereum ETFs would capture 20% of Bitcoin ETF inflows.”Read more