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Bitcoin wavers, ether soars after SEC greenlights launch of U.S. bitcoin ETFs

Bitcoin wavers, ether soars after SEC greenlights launch of U.S. bitcoin ETFs

Omar Marques | Lightrocket | Getty Images

Bitcoin hovered around the flat line higher late Wednesday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected.

The cryptocurrency trimmed earlier losses and was last trading flat at $46,671.22, according to Coin Metrics. Meanwhile, the price of ether soared as high as 15.5% to $2,606.00, its highest level since May…


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