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Most of the crypto market is well in the red, with ETH and BNB losing around 4% and 5%, respectively.




In a document filed late on Friday, the SEC said it would take until May 30, 2024, to decide whether to approve Grayscale’s Ethereum futures ETF. Separately, the crypto industry has been focused on a spot ether ETF which gives investors exposure to the cryptocurrency without needing to directly purchase or hold the asset.

Genesis appears to be selling its GBTC shares to buy bitcoin, according to an ETF analyst.Bitcoin’s price fell below $64,000 on March 22.

Bitcoin is struggling to sustain its recovery, signaling that higher levels are attracting sellers in BTC and altcoins.