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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.