Andrew Kang says he will stop betting against Ether

Andrew Kang, co-founder of Mechanism Capital, recently shared on X that he will no longer bet against Ether. Although he believes the Ether price could potentially fall further, he feels it’s more productive to focus on identifying buying opportunities moving forward. Previously, in late June, Kang expressed skepticism about the immediate market excitement for U.S. spot ETH ETFs compared to spot BTC ETFs, predicting that capital inflows into the ETH ETFs might fall short of market expectations.