#Bitcoin
#Ethereum
#Ethereum
Is bitcoin dominance at risk of falling?
Ether ETFs could trigger a new “altseason,” traders suggest.
fell 3.5% on May 24 as a long-awaited institutional milestone failed to boost markets. BTC/USD 1-hour chart. Source: TradingView
Bitcoin and Ether disappoint bulls after ETF confirmation
Data from Cointelegraph Markets Pro and TradingView showed that the BTC price remained near $67,000, and the ETH price remained near $3,670.
Both had reacted with restraint to the news that US regulators had approved the launch of spot Ether exchange-traded funds (ETFs).
It was a significant achievement for the cryptocurrency sector and a radical shift in Securities and Exchange Commission (SEC) policy. Additional preparations, which analysts said could take several weeks, pushed back the likely launch date.
Commenting on the latest developments, Bloomberg Intelligence ETF analysts James Seyffart and Eric Balchunas toyed with the idea of a mid-June launch.
