Bitcoin Drops 6% as Ethereum Hits New Highs After First BTC ETFs Launch
• Bitcoin price plunged 6% on Friday to $43,413, day after first US spot BTC ETFs began trading • Over $90M in Bitcoin positions liquidated in last 24 hours as price fell, mostly longs • Ethereum price rose nearly 19% this week to almost $2,700 as investors anticipate spot ETH ETFs • BlackRock CEO Larry Fink sees value in Ethereum ETFs; company filed for spot ETH ETF in November • Arbitrum and Optimism, Ethereum scaling solutions, hit all-time high token prices Friday morning