Ethereum ETF approval fails to ignite crypto market, sparking $400 million in losses – CryptoSlate

The approval of an Ethereum ETF did not have the desired effect on the crypto market, resulting in losses of up to $400 million. Despite hopes that the ETF would spark a surge in the market, it failed to do so. Investors were left disappointed as the market did not react as expected. The lackluster response to the ETF approval highlights the unpredictable nature of the crypto market.