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Bitcoin’s price briefly surpassed the $70,000 threshold; however, it quickly fell by 3.5% to around $67,000.The past day’s price fluctuations resulted in a spike in long crypto positions getting liquidated on centralized exchanges.Ether reached a new monthly peak of $3,937 before retracing to $3,710 at the time of writing.

Yesterday, the SEC approved spot Ethereum ETFs from BlackRock, Fidelity, Grayscale and others.Attention has turned toward which cryptocurrencies could receive an ETF wrapper next, with Solana top of the speculative list.However, based on prior pathways and the SEC’s stance on some cryptocurrencies, spot ETFs beyond Bitcoin and Ethereum are unlikely to be happening anytime soon.

