The US Ether ETFs generated over $420 million worth of selling pressure for the world's second-largest cryptocurrency.
Ether price has been in a significant downtrend despite the historical launch of the first Ether-based exchange-traded funds (ETFs) in the United States.
During the past month, Ether (ETH) price fell over 24% to trade at $2,572 as of 10:11 am UTC, Aug. 19, according to Cointelegraph data.
ETH/USD, 1-month chart. Source: Cointelegraph
