Ether price drops 26% since ETF launch as supply increases by 60,500 ETH
The US Ether ETFs generated over $420 million worth of selling pressure for the world's second-largest cryptocurrency.
![Ether price drops 26% since ETF launch as supply increases by 60,500 ETH](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvcm9lbnRnZW4tYW5hbHlzaXMlMjAlMjgxJTI5.jpg?#)
The US Ether ETFs generated over $420 million worth of selling pressure for the world's second-largest cryptocurrency.
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