When will it be good to buy spot ETH in short-to-medium term?
It's been a week since spot ETH(Ethereum) ETFs begun trading in the 🇺🇸. Nevertheless, ETH price has been consolidating.
The main reason is the massive sell pressure from ETHE by Grayscale. The ETHE charges 2.5% of fee. Compared to other ETFs' fees, it's much expensive. So, there's no reason to keep holding their capital into the ETHE.
I think the outflow of the ETHE will stop someday. Then, the total net ETH inflows will be plus, and the sell pressure won't be burden for ETH price.
Take a look at the table. Other spot ETH ETFs have been stacking tons of ETH, which means the Wall Street is like a black hole absorbing spot ETH now.
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Buy the dip bro
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