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.
Markets
Ether ETFs Clear Major Hurdle, Though SEC Hasn’t Cleared Them for Trading Yet
The Securities and Exchanges Commission (SEC) on Thursday approved 19b-4 forms filed by issuers looking to launch a spot ether exchange-traded fund (ETF), marking a key step forward in bringing the fund on the market.
Bitcoin Drops Below $68K, Ether Slumps in Sudden Crypto Sell-Off as ETH ETF Decision Looms
The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.
U.S. Bitcoin ETF Holdings Hit New High of More Than 850K Tokens
Among ETFs, Grayscale’s GBTC remains the biggest holder of bitcoin with over $20 billion worth of the asset, followed closely by BlackRock’s IBIT at $19.6 billion.
First Mover Americas: BTC, ETH Consolidate Ahead of Ether ETF Decision
The latest price moves in bitcoin (BTC) and crypto markets in context for May 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ether Spot ETF Approval Would Raise Expectations Solana Could Also Be Classified as a Commodity: Bernstein
Ether spot ETF approval would set a precedent as the first non-bitcoin digital asset to be considered a commodity, raising expectations that solana could follow the same path, the report said.
PEPE’s Surge to Top 20 Tokens Turns Early $460 Purchase to $3.4M
Pepe is valued at just over $6 billion as of Thursday over a year after launch.
Ether Sees Strongest Bull Momentum in 3 Years as ETF Deadline Nears
Ether’s price has jumped 18% in six days in hopes the U.S. SEC would approve a spot ETH exchange-traded fund (ETF).
Ethereum ETF Approval Could Spur 60% Rally as ETH Buying Increases
Holders cumulatively bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023.
AI-Focused Tokens Edge Higher Ahead of Nvidia Earnings Results
FET, RNDR, TAO and AGIX gained even as the broader market benchmark CoinDesk 20 Index saw a slight decline during the day.