ETH Price Dips As Ethereum ETF Approval Faces Delay
Summary
Ethereum price briefly exceeded $3,500 but dropped to $3,400 due to SEC's delay in approving Ethereum ETF applications, now postponed to July 8. Asset managers are optimistic about mid-July approval. Several firms, including BlackRock and Fidelity, have filings awaiting approval. Analysts project significant inflows for Ethereum ETFs, with estimates of $15 billion in net inflows within 18 months of trading. ETH is currently trading at $3,418, with over 9% losses in the monthly timeframe.
