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Ether slips after SEC opens the door to ether ETFs, still heads for best week in more than a year
Ether slipped on Friday even after the Securities and Exchange Commission approved a rule change that will pave the way for exchange traded funds that buy and hold the cryptocurrency. The price of ether fell 2% to around $3,700.00, according to Coin Metrics. It’s holding on to its weekly gain of 20%, and is on pace for its best week in more than a year. “Today’s market behavior seems more like a pause as investors digest recent gains and assess the impact of external economic factors, including the recent rates sell-off,” said Rachel Lin, CEO and co-founder of the decentralized derivatives trading platform ... (full story)