Ethereum fails to recover from sell-off as BlackRock executive view it as tokenization leader

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Ethereum's (ETH) price failed to record any gain on Friday, as its down by about 1.4%.

Ethereum will host traditional market participants' tokenization efforts as they look to avoid liquidity fragmentation. SEC Chair Gensler maintains uncertain position when asked if ETH is a commodity. Ethereum may sustain range-bound movement in the short term. Ethereum's price failed to record any gain on Friday, as its down by about 1.4%.

Read more:Ethereum breaches key support, receives ‘digital oil’ tag from world's largest bank Nate Geraci, President of The ETF Store, also expressed dissatisfaction at how long it took the SEC to approve spot ETH and BTC ETFs despite allowing investors to purchase the underlying assets through publicly-traded companies like Coinbase and Robinhood. VanEck filed for 1st spot eth ETF in May 2021...

 

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