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CryptoNewsZ 2024-06-03 14:03:21

Market shock: $3 billion in Ether exits following spot ETH ETF approval

The approval of a spot ETH ETF has profoundly impacted the cryptocurrency market, resulting in Ether’s exit valued at $3 billion. This significant movement underscores the complex interplay between regulatory decisions, market dynamics, and investor sentiment. Analyzing this event reveals several critical factors that influenced such a substantial outflow. Only 10.6% of the circulating quantity …

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