Ethereum Plunges 8% Despite ETH ETF Approval: Here’s Why

1 min read

11 months ago bitnews

The cryptocurrency market is experiencing turbulence as Ethereum (ETH) takes a major hit. ETH has dropped over 8% in the past 24 hours. This downturn comes after the much-awaited launch of ETH ETFs. Multiple Factors Converge to Push Ethereum Down The primary reason is the substantial outflow from Grayscale’s Ethereum Trust ETF (ETHE). According to …