Among ETFs, Grayscale’s GBTC remains the biggest holder of bitcoin with over $20 billion worth of the asset, followed closely by BlackRock’s IBIT at $19.6 billion.

The latest price moves in bitcoin (BTC) and crypto markets in context for May 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The latest in blockchain tech upgrades, funding announcements and deals. For May 23. NOTE: Protocol Village will be on hiatus May 24-June 2 as we cover CoinDesk's Consensus conference in Austin, Texas. We will resume publishing June 3. Hope to see you there!

Ether spot ETF approval would set a precedent as the first non-bitcoin digital asset to be considered a commodity, raising expectations that solana could follow the same path, the report said.

Pepe is valued at just over $6 billion as of Thursday over a year after launch.

Ether's price has jumped 18% in six days in hopes the U.S. SEC would approve a spot ETH exchange-traded fund (ETF).