The Ethereum Spot ETF launches tomorrow, July 23, 2024.
Over the 12 days following the Bitcoin Spot ETF launch on January 11th,
BTC retraced ~20%
If Ethereum follows this pattern, it should fall to ~$2,800 around August 4th.
We know that Grayscale holds ~$9.87B
ETH and it plans on charging its customers 10x the management fee vs competitors.
I very much expect a big sell-off because of this, possibly greater than 20%
Over the 12 days following the Bitcoin Spot ETF launch on January 11th,
BTC retraced ~20%If Ethereum follows this pattern, it should fall to ~$2,800 around August 4th.
We know that Grayscale holds ~$9.87B
ETH and it plans on charging its customers 10x the management fee vs competitors.I very much expect a big sell-off because of this, possibly greater than 20%
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