The ETH price, which was up more than 20% in the past week, fell 4% after the listing approval, mirroring the trend observed after Bitcoin ETF approvals earlier this year. If these ETFs gain approval for trading, we can anticipate a substantial influx of institutional capital. Standard Chartered projects potential inflows of up to $45 billion within the first 12 months.
On Friday, popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) saw significant spikes following a tweet from Elon Musk about the passing of Kabosu, the dog that inspired these tokens.
In a notable political development in the US, Donald Trump has announced his full support for crypto and self-custody. This move could help him attract pro-crypto voters.
