Investors have shown a renewed interest in alternative cryptocurrencies, with a particular focus on the potential approval of an ethereum exchange-traded fund in the United States. This shift in attention comes as speculation grows around the timing of the regulatory approval.
Ethereum, the world’s second-largest token, has seen a significant increase in value, jumping more than 10 per cent to reach a 20-month high. This surge comes after a period of multi-year lows for the cryptocurrency.
The rise in Ethereum’s value follows the confirmation by the US Securities Exchanged Commission that major financial institutions, including BlackRock, Fidelity, and VanEck, have been given the green light to begin issuing spot-bitcoin ETFs. These ETFs could start trading on major platforms such as the New York Stock Exchange and Nasdaq as early as Thursday.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | New York Stock Exchange, BlackRock, VanEck, Fidelity, Nasdaq, US Securities Exchanged Commission |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
