Despite the headline that the 19b-4 filing for the spot ETH ETF has been approved, $ETH is trading flat at $3,785 and $BTC at $67,975. $ETH whipped around in a ~4% band, with headlines including Symbolic Capital Partners, an MEV company, selling 6,968 ETH in one minute.
The SEC approved eight spot ETF ETH applications, including Ark, Bitwise, BlackRock, Fidelity, Franklin Templeton, Grayscale, Invesco Galaxy, and VanEck. The next step is S-1 approval; while the approval is likely, the timeline remains uncertain with some speculating June-July time frame.
Other crypto headlines include Grayscale launching new trusts for $STX and $NEAR, and Coinbase enabling $XRP trading in New York.
During the last 24 hours, the top three performers were $PEOPLE, $ETHFI, and $MOG, while the top three losers were $ORDI, $NOS, and $NOT