Why Are Spot Ethereum ETFs Underperforming?
Bitwise CEO said that there are many factors affecting the spot Ethereum ETF.

Bitwise CEO said that there are many factors affecting the spot Ethereum ETF.
AI related cryptocurrencies were among the market's biggest weekly gainers following Nvidia's earnings reports that were released on Wednesday.
The companies that are best positioned in the market segment (on a pure mining basis) are those with low hash costs and high hash rate realization.
Nvidia's record-breaking quarter boosts its stock to $1,000, fueled by robust AI chip demand and a forecast of continued growth amid a booming AI industry.
Investors anticipate insights from Apple (AAPL), Amazon (AMZN), and Meta (META) earnings. Focus on iPhone demand, holiday season performance, and ad strategy. Positive pre-earnings trading signals optimism.
Check out the chronological timeline of how BTC has been affected by U.S. CPI this year.
As data keeping track of October bear markets over the years demonstrates, Bitcoin has not performed well in such conditions.
ETHW is facing resistance at $7 and $10.40. ETC is trading inside a descending parallel channel. ETHF is trading at an all-time low.
In the last 30 days, over 53% of NFT investors made losses on sale trades. Despite the cold market sentiment, the number of investors that hold their NFT investments continues to rise.