$ETH Many people are watching ETH and expecting it to continue to rise in the short term. I have a few different opinions.

1: The counterintuitive positive news about Ethereum, the launch of ETFs is not necessarily a pure positive, because if the inflow is less than the overdue amount after the launch, it must be a big negative.

2: One disadvantage of ETFs is that for many people, Ethereum has a pledge system. For example, Sun Ge pledged 700,000 Ethereums for 3% of the year. If you buy ETFs, this year will be gone, and the fund will still charge.

3: Grayscale's strategy. Grayscale seems to have learned its lesson this time and divided the shares into two funds, miniETH and normal geth. The fee rate of miniETH is estimated to be the same as other funds, floating at 0.25%, but can this method really effectively prevent retail investors from changing positions? I am biased towards denial here. The market is speculative. Now Grayscale probably holds nearly 3 million ETH spot. There is no need to say more about the selling pressure in the market.

Conclusion: The overall market is upward, but it will definitely fluctuate in the short term. In the future, the so-called Trump pro-coin circle and the interest rate cut in September are all overdue and speculation. I hope everyone will cherish it.