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“Everyone who wanted to buy into the halving mostly has,” said Capriole Fund founder Charles Edwards.

The SEC has continued to push back its decision on spot Ether ETFs while analysts have turned more pessimistic on approvals.

Quick Take Grayscale proposed to investors on Tuesday in a “consent solicitation statement” four items, including a creation and redemption process involving cash and the ability to stake Ethereum through the trust. Though the SEC approved spot bitcoin ETFs in January, the road to approval for Ethereum product doesn’t seem likely.
The latest Solana-based meme coin – Slerf (SLERF) – was one of the assets the trader dealt with.

ETH price fell by 20% in the past week, but futures data shows investors still believe in the bull trend.