Ether slips after SEC opens the door to ether ETFs, still heads for best week in more than a year
Publishing timestamp: 2024-05-24 12:26:55
Summary
Ether's price fell despite SEC approval for ETFs, with investors cautious about regulatory uncertainties and timing of new products entering the market. Coinbase and Robinhood saw gains, with Coinbase potentially benefiting more from ether ETFs. Uncertainty remains about the impact of regulatory outcomes on ether's status as a commodity. JPMorgan is cautious on crypto as retail investors dump following ETF hype.
Sentiment: NEUTRAL
Tickers: HOOD, COIN, BTC.CM=, ETH.CM=,
Keywords: breaking news: markets, bitcoin/usd coin metrics, ethereum/usd coin metrics, cryptocurrency, robinhood markets inc, technology, coinbase global inc, business news, markets,
Source: https://www.cnbc.com/2024/05/24/crypto-market-today.html