Ethereum’s native token, Ether
ETH
tickers down
$3,608.98
, has risen by 5.75% in the last 24 hours to reach around $3,640 on Nov. 28. The second-largest cryptocurrency has outperformed the crypto market’s gains, which has jumped 2.82% in the same period.
Cryptocurrencies, Markets, Market Analysis, Ether Price, Ethereum Price
ETH/USD four-hour price chart. Source: TradingView/Cointelegraph
Bitwise files for 10 Crypto Index Fund ETF, including Ether
Ether’s recent rally can be attributed to heightened investor optimism surrounding Bitwise Asset Management’s recent exchange-traded fund (ETF) application.
Notably, the firm filed with the US Securities and Exchange Commission (SEC) to launch an ETF based on its existing 10 Crypto Index Fund. This fund, initiated in November 2017, predominantly comprises Bitcoin (75.14%) and Ether (16.42%), with the remaining assets allocated across cryptocurrencies like Solana
SOL
tickers down
$225.25
, XRP
XRP
tickers down
$2.42
, and Cardano
ADA
tickers down
$1.09
.
Most cryptocurrencies included in the proposed ETF have surged in the past 24 hours, reflecting growing market speculation and optimism surrounding the investment product’s potential approval.
