Grayscale Investments retracts Ethereum Futures ETF proposal, focusing on Ethereum trust conversion into spot exchange-traded products.

Global cryptocurrency market cap fell slightly but saw a $20 billion increase to $2.22 trillion amid market fluctuations.

Grayscale CEO Michael Sonnenshein maintains a hopeful stance on SEC approval for Ethereum spot products, with a decision expected by May 23.

Ethereum faces bearish market sentiment and regulatory uncertainty, with predictions of further price declines toward $2,800.

Bitcoin's price surged 15.7% in the past week, hitting $65,000, with a significant withdrawal of BTC from exchanges indicating potential for further price increases.

Predictions based on network fundamentals and technical patterns suggest Bitcoin's price could potentially triple, exceeding $260,000.

Bitcoin's average short-term acquisition price has provided strong support in downturns, with recent market corrections stabilizing and showing signs of a further rise.

Investors are advised to exercise caution and conduct thorough research due to the inherent volatility and risk in cryptocurrency investments.