Ethereum Price Flatlines As Spot ETF Launch Fails To Spark Rally: Full Recap
Summary
Ethereum-based spot ETFs launched with strong trading volumes but failed to boost ETH price significantly. Despite $1b total volume and $107m inflows, Grayscale's massive outflows of $484.9m dampened price impact. Other ETFs like EZET and CETH saw varying inflows. The launch mirrors Bitcoin ETFs' experience, with Grayscale outflows needing to clear before significant price impact. ETH currently trades at $3,442.
