{"id":134157,"date":"2024-07-26T15:30:19","date_gmt":"2024-07-26T12:30:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134157"},"modified":"2024-07-26T15:15:01","modified_gmt":"2024-07-26T12:15:01","slug":"ethereum-etf-launch-triggers-price-drop-but-sets-stage-for-possible-rally","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-etf-launch-triggers-price-drop-but-sets-stage-for-possible-rally\/","title":{"rendered":"Ethereum ETF Launch Triggers Price Drop but Sets Stage for Possible Rally"},"content":{"rendered":"

Following the ETF\u2019s introduction, ETH prices<\/a> <\/strong>fell to around $3,100, with the ETF initially seeing limited inflows and ultimately experiencing outflows.<\/p>\n

Grayscale, which controls a significant portion of ETH, may be contributing to this pressure, though analysts suggest this trend might persist for a couple of months before ETH rebounds. Despite this, Grayscale\u2019s recent transactions have bolstered its ETH reserves to $9.17 billion, aiding ETH\u2019s recovery above $3,200.<\/p>\n

The Grayscale Ethereum Trust (ETHE) is trading around $2,600 per ETH, reflecting the market\u2019s mixed sentiment towards such products. Grayscale holds a commanding 95% of the ETH available for ETFs, whereas competitors like BlackRock have a much smaller share.<\/p>\n