"This decline in trading volumes for ETH instruments suggests lower-than-expected institutional interest in the asset, particularly following the launch of spot ETH ETFs," CCData noted.
"The launch timing of U.S. spot Ether ETFs on 23 July turned out to be less than ideal, coinciding with a tech stock sell-off. Ether's high beta (~2.7) implies high losses in periods of risk aversion..."
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