Wild Bitcoin, Ether Price Swings Amid Spot ETH ETF Decision Triggers $350M Liquidations
U.S. regulators approved listing spot ETH ETFs but have not yet cleared to trade.
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U.S. regulators approved listing spot ETH ETFs but have not yet cleared to trade.
The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.
The fast move likely signals short-term profit taking after ether’s rapid 30% rally, one observer noted.
As the larger part of the cryptocurrency market begins to recover from the recent bearish hiccup, Ethereum (ETH) is no … Continue reading
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Large bitcoin investors haven’t started to buy the dip yet, suggesting that the correction may continue for a while, an LMAX Group strategist noted.
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance.
CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security.
Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming.
The asset manager is also one of the issuers of a spot bitcoin exchange-traded fund but hasn’t seen the same success as frontrunners BlackRock and Fidelity.
The updated S-1 document brings the spot Ethereum ETF application more “in line” with the recently approved spot BTC ETF prospectus, one analyst noted.