ETH ETF May Spark Altseason; Bitcoin Dominance In Risk

The post ETH ETF May Spark Altseason; Bitcoin Dominance In Risk appeared first on Coinpedia Fintech News

Bitcoin and Ethereum were down 3.5% on May 24 giving a quiet reaction to the much-awaited approval of Ethereum ETFs. Ether has dropped 4% since the approval while it had risen 20% over a week ahead of its odds of getting approved. Analysts discuss that while 19b-4 got approved, approval on the S1 documents will still take time and might go until mid-June. Traders suggest that the Ethereum ETFs may spark a new Alt-season with Bitcoin losing its market share after hitting two-year highs. The dynamics between the two largest Cryptos were of more interest to the market participants.