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Gate Daily (August 19): Ethereum ETF sets a historical record; SEC delays Truth Social approval decision; Bitmine stock price in trouble.
Bitcoin (BTC) price further retraced, currently reported at around $115,960 on August 19. Last week, the Ethereum ETF set a record for inflows, with Crypto Assets inflows reaching $3.75 billion. The SEC has postponed the decision on the Truth Social Bitcoin and Ethereum ETF until October 8, dampening the buying momentum in Crypto Assets. BitMine is currently the largest Ethereum holder in the world, but its stock price's big dump highlights that betting on Crypto Assets is not always a quick profit for listed companies.
ETH-3.21%