Is ETH Bearish Post-ETF? How Does it Compare to BTC's ETF Launch
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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