Why Is ETH Price Falling Despite SEC Approving All Spot Ethereum ETFs?
Summary
Ethereum's price didn't surge after SEC's approval of Spot Ethereum ETFs, possibly due to the news being already priced in and traders selling off. Unlike Bitcoin ETFs, these won't start trading immediately, potentially delaying price impact. However, ETH has risen by over 28% in the last week. The approval indicates SEC doesn't consider ETH a security, as it would have rejected filings if it did. ETH is currently trading at around $3,803.
