<\/p>\n
Analysts are optimistic that Ethereum ETFs could launch in June.<\/p>\n
Crypto markets traded lower on Friday, following inflation figures aligning with expectations.<\/p>\n
Bitcoin dropped 2%, with Ether losing 1% and Solana around 2.5%%, according to data from CoinGecko<\/a>. Meme coins also posted losses, with Dogecoin, Dogwifhat, Shiba Inu, and FLOKI falling between 3% and 8%.<\/p>\n <\/p>\n <\/a><\/p>\n The Personal Consumption Expenditures (PCE) price index, which excludes food and energy costs, rose<\/a> by 0.2% for the month, matching the expectations of Dow Jones analysts. The PCE tracks changes in the prices of goods and services consumed by individuals.<\/p>\n U.S. stock markets also dropped after the release of the inflation report. The S&P 500 and Nasdaq are down 0.7% and 1.7%, respectively.<\/p>\n Ether\u2019s relative strength is likely driven by optimism that Ethereum exchange-traded funds (ETFs) could go live by the end of June.<\/p>\n Bloomberg analyst Eric Balchunas believes the SEC will have one more round of fine-tuning for Ethereum ETF applications.<\/p>\n \u201cEnd of June launch [is] a legit possibility [although] keeping my o\/u date as July 4th,\u201d he said<\/a>.<\/p>\n BlackRock, the world\u2019s largest asset manager, is moving<\/a> closer to launching its spot Ethereum ETF. On May 28, the company filed an amended registration statement with the U.S. Securities and Exchange Commission (SEC). The updated S-1 form is a necessary step before the fund can start trading. This filing came nearly a week after the SEC approved the 19b-4 forms for eight Ethereum ETFs, including BlackRock’s iShares Ethereum Trust.<\/p>\nEthereum ETF Prospects<\/h2>\n
ETF Inflows Subside<\/h2>\n