#BTC $BTC $ETH After years and years of delaying and rejecting countless applications, the US securities regulator finally greenlighted spot Bitcoin ETFs on Wednesday, and the products reached the markets a day later.

The whole development didn’t go without a few downturns, including a hack and a controversial statement by the SEC’s chair, Gary Gensler. This resulted in enhanced volatility for the underlying asset, which soared to over $49,000 on Thursday after the ETFs went live and slumped by more than seven grand in the next 36 hours.

The weekend has been a lot less eventful. BTC recovered some of the losses and has remained in a tighter range of around $43,000 for the past two days or so. Nevertheless, the asset is down by more than 2% weekly, which means that its market cap has slipped to $840 billion.

Its dominance over the altcoins has been reduced to under 50%. The metric has shed more than 3% in the past week or so, as it was way above 53%.

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