Phyrex
Phyrex|Feb 26, 2025 16:46
Although the data of ETH spot ETF is not as dismal as BTC, it is also not good looking. On Monday, there were a large number of investors leaving BlackRock, and on Tuesday, there were also many investors leaving Fidelity. When investors feel panic about BTC, let alone ETH, because there are fewer investors buying ETH due to price reasons, so the selling volume is relatively low. In this situation, it may not be a good thing for any ETF to pass, especially for ETFs that are applied for by Grayscale. As the saying goes, if BTC is not good, then there is a high probability that nothing will be good. For ETH, this is the case. BTC at least has a state strategic reserve to anticipate, while ETH only has one pledge. However, when the price continues to fall, speculators' expectations of staking returns may not be enough to cover the cost of buying, so choosing to exit is also normal. Although I don't really want to say it's a bear market now, as there are no indicators of a bear market. The US stock market has recovered from yesterday's decline, and I don't know how to explain it unless it's a bear market. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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