Ether slipped on Friday even after the Securities and Exchange Commission approved a rule change that will pave the way for exchange-traded funds that buy and hold the cryptocurrency.
The price of ether fell about 1% to around $3,745, according to Coin Metrics. For the week, it climbed more than 20% to notch its best week since March 2023.
“Today’s market behavior seems more like a pause as investors digest recent gains and assess the impact of…