Galaxy Digital CEO: ETH sentiment has weakened significantly

Mike Novogratz, CEO of Galaxy Digital, a cryptocurrency-centric financial services company, said that Ether (ETH) investment sentiment has weakened incredibly. According to The Block, Novogratz maintains that the main reason why ETH has under-performed BTC and SOL is because former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler tried to sanction ETH. He added that there is FUD (Fear, Uncertainty and Doubt) about Vitalik Buterin, the founder of Ethereum, and the Ethereum Foundation. People are looking for excuses, he claims, but notwithstanding that, he asserts that the foundation must continue to follow the noble path and act as a research institute.