↕️Weekly Recap: ETFs Launch and Investors Sell

Happy weekend Defiers!

Most digital assets are down over the past seven days despite early-week bullishness surrounding the launch of more than half a dozen Ether futures ETFs in the United States. ETH last changed hands for $1,635 after tagging a high of $1,735 on Oct. 2.

The bearish price action came despite UBS Asset Management, the $3.1T asset manager, launching the pilot for a tokenized Variable Capital Company fund on Ethereum. The VCC fund is based in Singapore and is part of an initiative led by the Monetary Authority of Singapore.