Grayscale Sells $811 Million Post Ethereum ETF Launch Amid Price Consolidation
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Grayscale recently offloaded $811 million right after the Ethereum ETF was introduced. This follows the pattern seen when Bitcoin's ETF launched earlier this year, suggesting a 'sell-the-news' trend. Traders and investors appear to take profits once major events, like ETF launches, conclude, leading to a dip in cryptocurrency prices.
The Ethereum dip post-ETF launch mirrors the market behavior of Bitcoin under similar circumstances. It underscores how significant events can lead to immediate market reactions, often resulting in substantial selling and price corrections, as seen in Grayscale's recent actions.
Fuente: en.coinotag.com ↗
