Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»The approval of the Ethereum ETF failed to boost the cryptocurrency market, triggering a loss of $400 million.
ETHEREUM NEWS

The approval of the Ethereum ETF failed to boost the cryptocurrency market, triggering a loss of $400 million.

By Crypto FlexsMay 26, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The approval of the Ethereum ETF failed to boost the cryptocurrency market, triggering a loss of 0 million.
Share
Facebook Twitter LinkedIn Pinterest Email

The broader cryptocurrency market has experienced significant volatility over the past day as the U.S. Securities and Exchange Commission approved several spot-based Ethereum exchange-traded funds (ETFs).

CryptoSlate Excluding stablecoins such as Tether’s USDT and Circle’s USDC, the top 20 digital assets by market capitalization each saw losses exceeding 3%, according to the data. Bitcoin and Ethereum, the top two digital assets by market capitalization, fell to $67,051 and $3,671, respectively.

Some market analysts have suggested that the ETH ETF approval was a “news selling” event. Investors who were hoping for approval have already positioned themselves accordingly. Over the past week, the price of ETH has risen by more than 20%. CryptoSlate We observed that the Ethereum futures market hit a one-year high of 3.6 million ETH.

Julio Moreno, Head of Research at CryptoQuant, said:

“It appears the market has already priced the approval of an Ethereum spot ETF. Over the past few days, Grayscale’s discount of ETHE to ETH has decreased significantly. The same thing happened between GBTC and Bitcoin as the Bitcoin spot ETF got closer to approval.”

Some experts also pointed to the delayed launch of ETFs as one of the reasons for the poor market performance. The SEC has only approved the ETF but has not yet given it clearance to launch. This requires filing an approved S-1, but this is more of a formality.

Bloomberg ETF analyst James Seyffart explained:

“This is just a 19b-4 approval. It also takes time as the S-1 document needs to be approved. “We expect it to take a few weeks, but it could take longer.”

Over $400 Million Liquidated

Over 107,000 cryptocurrency traders lost over $400 million due to the market’s poor performance.

Long-term ETH traders who had expected the ETF news to boost the price of the digital asset suffered losses totaling $107 million, according to Coinglass data. The largest single liquidation was a $12.4 million long bet on Ethereum on the Binance exchange.

Meanwhile, Bitcoin traders lost about $75 million over the same period.

Mentioned in this article
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025
Most Popular

Hedera Council allocates billions of dollars to HBAR for network growth.

January 14, 2024

SUI’s ‘GOONER EMA Support’ strengthens 100% rally case while submitting NASDAQ ETF.

May 28, 2025

Binance Offers Up to 104 USDC in Exclusive Promotion for New and Existing Users

September 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.