BTC Slides Backwards

Crypto markets erased the gains from a volatile past couple days

Jack Inabinet Nov 16, 2023 • 1 min read

Crypto Cools: BlackRock took another major step towards launching a spot ETH ETF, but crypto markets are in decline. The majors pared back yesterday’s gains on the filing, with Ether dipping back below $2k and Bitcoin fighting to hold $36k.

BREAKING:

BlackRock has officially filed its S-1 application for a spot Ethereum ETF

The fight against regulation by enforcement continues pic.twitter.com/j54xfYTvWo
— Bankless (@BanklessHQ) November 16, 2023

Coinbase (COIN), who was selected as custodian for the BlackRock spot Ether ETF, is also down 1.7% on the day, likely because this news was already largely priced in, given the existence of a similar arrangement between the two firms for BlackRock’s spot BTC ETF.

Citizen only

Upgrade to continue reading

Support the Bankless Movement
Premium Feed: Ad Free & Bonus Content
Daily Market Analysis & Research
Airdrop Hunter: Guided, Vetted Projects
Claimables: Find & Claim Airdrops + more
Private Discord w/ David & Ryan

Explore all the benefits

Join for free Log in

Published in Bankless

Your daily guide to level up on Crypto.

Level up on crypto, daily

Join the world’s most popular crypto community with daily alpha, news, & analysis, all free.

Written by Jack Inabinet

93 Articles • View all

Analyst at Bankless. Exploring the frontier. I enjoy learning and writing about the hottest topics in crypto, ranging from blockchains to DeFi to RWAs.