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Ethereum ETFs Officially Go Live

Written By: ChartChamp

July 23, 2024

Today Ethereum ETFs are officially listed for trading. In my reaction video to Bob Loukas, we heard Bob say that he thinks crypto investors will sell their spot positions and buy ETFs. We saw ETH selling ahead of the ETF listing so maybe investors are selling ETH to buy ETH ETFs. So far there has been 9 days of neutral price action with support building at the yellow trendline. ETH has been trading within a range between $3,400 and $3,500. I think investors will be very interested to see the daily inflow and outflow numbers for ETH. So far BlackRock’s spot Bitcoin ETF IBIT has emerged as the best ETF in stock market history after surpassing QQQ yesterday. I’m curious to see if Ethereum ETFs manage to break records as well.

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