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The Daily Hodl 2024-05-21 18:05:06

$386,330,000 Liquidated As Ethereum Rips Before Potential ‘Shock’ ETF Decision

Ethereum (ETH) has exploded in price on hopes of an approval from the U.S. Securities and Exchange Commission (SEC) for a spot ETH exchange-traded fund (ETF). Bitcoin rallied alongside ETH, and the sudden move has liquidated nearly $400 million worth of traders positions, according to current data from Coinglass. The odds of an SEC approval The post $386,330,000 Liquidated As Ethereum Rips Before Potential ‘Shock’ ETF Decision appeared first on The Daily Hodl .

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