Bitcoin Steadies, Ether Gains Ahead of Expected ETF Decision
- SEC expected to decide whether to approve ETFs on Wednesday
- Ether outperforms Bitcoin as traders speculate on who’s next
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Bitcoin steadied around $45,000 amid expectations that US is poised to green-light ETFs to hold the cryptocurrency, while Ether gained on optimism that the token may be the next to win approval.
The original digital asset’s price was whipsawed late Tuesday by a false post on the US Securities and Exchange Commission’s X account that claimed that the agency had approved ETFs to hold Bitcoin. The regulator subsequently said it had not yet granted approval and that the X account had been compromised. The SEC is widely expected by analysts to announce a decision about the ETF applications by the end of Wednesday.