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.
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.
It’s been a rapid change of events — but, suddenly, the industry is braced for the idea that Ethereum ETFs might get last-minute approval.
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 is valued at just over $6 billion as of Thursday over a year after launch.
Bitcoin rose around 66% to a peak of approximately $73,800 after the SEC approved spot Bitcoin ETFs on Jan. 10.
Ether’s price has jumped 18% in six days in hopes the U.S. SEC would approve a spot ETH exchange-traded fund (ETF).
Renewed optimism for spot Ethereum ETFs on Monday and the subsequent crypto price rises saw hash rate pick back up over the last few days.
With amended 19b-4 forms now in, the SEC has started engaging prospective Ethereum ETF issuers regarding their S-1 forms.
Holders cumulatively bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023.
