Will ETFs Drive Up ETH?
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Read more on Bankless.com
📸 Daily Market Snapshot: Those hoping for an ETF debut god candle for Ethereum were disappointed with flat price performance Tuesday, but with the newly launched ETH spot ETFs poised to see more than $1 billion in volumes on their first day, sentiments were still high across the Twittersphere.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.39T | ↘2.7% | ↗0.4% |
|
BTC $65,604 | ↘3.8% | ↗1.0% |
|
ETH $3,469 | ↘0.9% | ↘0.1% |
|
DYDX $1.30 | ↘10.3% | ↘9.0% |
After an arduous and unnecessarily prolonged approval process, spot Ethereum ETFs are finally trading on traditional stock exchanges!
Crypto has eagerly awaited the launch of these products for multiple years, anticipating that their arrival would provide a direct financial incentive for the world’s largest asset managers to shill Ethereum, catalyzing unprecedented inflows into ETH and resulting in mainstream acceptance for onchain activity.
Today, we discuss what the future holds for Ethereum’s most watched metric – price – in a post-ETF world 👇
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