Finst

Price losses in crypto market - despite ETF approvals

It borders on a miracle: Ethereum spot ETFs are now allowed in the U.S.

By Mike Hesp
• 1 min read
Price losses in crypto market - despite ETF approvals

It borders on a miracle: Ethereum spot ETFs are now allowed in the U.S. as well. Unlike Bitcoin, however, there has not been a huge run on the crypto market.

There were no great prediction. And yet: last night approved the SEC some Ethereum spot ETF's good.

However, the big price explosion failed to materialize. Ethereum fell more than one percent from the previous day.

The big price gains occurred in the days before the actual approvals. The price of Ether continues to rise 27 percent from week to week. At press time, the price of Ether was listed at $3,730.

The overall situation in the crypto market is not looking much better at the moment. The total market capitalization is down 2.7 percent from the previous day. Most of the 100 largest cryptocurrencies recorded price losses.

Bitcoin falls 2.7 percent to about $67,500.

Solana - the hardest hit of the ten largest cryptocurrencies - fell five percent to $167.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.