BlackRock's Bitcoin ETF, which had been experiencing consistent inflows, recorded zero inflows for the first time, ending a 71-day streak. This event coincided with a significant drop in Bitcoin's price by $4,000. Concurrently, the U.S. Securities and Exchange Commission (SEC) is expected to deny several applications for Ethereum ETFs, including those from prominent firms like VanEck and ARK Investment Management, with decisions due by May 23 and 24. Additionally, the SEC has requested public comments on BlackRock's and Grayscale's Ethereum ETF proposals. The market is also reacting to these developments, with overall crypto prices declining.