Krutika Adani
Despite the launch of its ETF and the success of the Dencun Upgrade, Ethereum has lost 4% in price over the last week.
The major reason for the sell-off seems to be the delay in the launch of ETFs, as the SEC has yet to grant permission to individual ETF issuers.
The SEC wants to deliberate over individual S1 applications and says it needs more time.
Several experts have cast doubts on whether Ethereum ETFs will be as successful as Bitcoin ETFs.
According to experts, long-term holders should continue to hold their ETH, while short-term users could trade based on short-term trends.