ETH PoW forked coins are facing an existential crisis.
The current hype surrounding Ethereum spot ETFs is drawing steady inflows of mainstream capital. Regulated products such as IBIT and ETHA have become the preferred destinations for institutional funds. As EthereumPoW is a forked chain of ETH and has not, to date, been included in any regulated ETF investment portfolio, both liquidity and market attention have declined significantly.
Latest data shows that the ETHW price is hovering around $0.21338. Its 24-hour trading volume is only about $2.05 million, and its market cap is roughly $23.01 million. Without ETF-driven capital as an important source of fresh liquidity, the price may face further downward pressure.
Amid the trend toward cryptocurrency regulation and compliance, forked tokens that have not been recognized by institutions are finding their situation increasingly difficult.
#ETHW #cryptocurrency
The current hype surrounding Ethereum spot ETFs is drawing steady inflows of mainstream capital. Regulated products such as IBIT and ETHA have become the preferred destinations for institutional funds. As EthereumPoW is a forked chain of ETH and has not, to date, been included in any regulated ETF investment portfolio, both liquidity and market attention have declined significantly.
Latest data shows that the ETHW price is hovering around $0.21338. Its 24-hour trading volume is only about $2.05 million, and its market cap is roughly $23.01 million. Without ETF-driven capital as an important source of fresh liquidity, the price may face further downward pressure.
Amid the trend toward cryptocurrency regulation and compliance, forked tokens that have not been recognized by institutions are finding their situation increasingly difficult.
#ETHW #cryptocurrency