According to CoinDesk, despite the approval of multiple Ethereum exchange-traded funds (ETFs) in the United States, the prices of Bitcoin (BTC) and Ethereum (ETH) have fallen in the past 24 hours. Ethereum prices have risen by more than 20% in the past week, but fell 4% after the approval, becoming a "sell the news" event.
Traders said they expect institutional capital to pour into the Ethereum market in the long term. Despite multiple Ethereum ETFs receiving approval for listing on U.S. exchanges, prices of Bitcoin and Ethereum fell over the past 24 hours.
Data shows that Ethereum has fallen 4% since its approval.
