ETH SURGES 20% TO 6-WEEK HIGH!
Hopes of spot Ethereum ETF approval in the US have reignited, sending ETH prices soaring to $3,700! This is the highest level since early April and the largest 24-hour move for more than a year.
The crypto market is following suit, with total market cap up 8.6% to $2.74 trillion. Bitcoin is closing in on its all-time high, tapping $71,600 during trading.
Industry experts are predicting a potential approval of the VanEck spot ETH ETF by the SEC as soon as Wednesday. If approved, this could be a major breakthrough for the entire industry!
The race is on! Ten issuers are vying for America's first spot Ethereum ETF, with BlackRock, Fidelity, and Grayscale among them.
What do you think? Will the ETF approval spark a new wave of growth in the crypto market? Let us know in the comments! #Ethereum #ETF #Crypto
