The SEC’s approval of spot ether ETF regulatory filings has yet to spur a rally in crypto prices, which extended their slide during the Asian and European mornings. BTC has lost more than 3.4% in the last 24 hours to trade around $67,400 while ETH is down around 4.5% at $3,700. The CoinDesk 20 Index (CD20), measuring the broader digital asset market, has lost over 3.3%. Ether ETFs are not yet cleared to trade, because the SEC still needs to approve their S-1 filings before investors can buy them. The approval came as a surprise to many. After clearing spot bitcoin ETFs in January, the SEC didn’t seem to engage much with issuers on ether ETFs, but that changed in recent days.
Bitcoin and ether both experienced wild swings in the run-up to the SEC’s ETF decision on Thursday. ETH tumbled to $3,500 before surging to $3,900 as the first reports came through that approval of some filings…
