Ether is the winner among losers in the crypto market downturn, buoyed by excitement for spot ether exchange-traded funds (ETFs). 

After the Securities and Exchange Commission approved eight spot ether ETFs Thursday, ether traded at $3,815, having increased 2.12% in the past 24 hours as of 5:19 p.m. ET (21:19 UTC). Conversely, bitcoin's price declined 2.35% in the same period to trade at $67,540, according to The Block prices.  

Grayscale Managing Director of Research Zach Pandl told The Block that while outside forces depressed the crypto market, spot ether ETF mania helped sustain ether past a dip. Grayscale sponsors one of the ETFs approved by the SEC. 

"Broadly speaking, macro factors seem to be affecting crypto markets today. Strong economic data this morning …