#今日市场观点

Why did $ETH fall in the short term after the ETF was approved?

Because of the short-term outflow of Grayscale. Compared with the outflow of $100 million on the first day of the BTC ETF, ETH outflowed nearly $500 million.

The faster the outflow rate, the faster the market digests it.

This is also the reason why the copycat and meme did not fall significantly today.