Key information:
-
The approval of those ETFs is virtually a assure that Ethereum ETFs shall be authorized.
-
ETH is up round 10% within the final 24 hours.
At the moment, January 10, 2024, the Securities and Change Fee (SEC) has authorized spot bitcoin ETFs in the US.
Strikingly, whereas the worth of bitcoin (BTC) continues sideways with out exhibiting a bearish or bullish development, The worth of ether (ETH), a cryptocurrency on the Ethereum community, skyrockets.
This value improve could be defined as a result of, as CriptoNoticias talked about yesterday, the SEC considers that each bitcoin and ether are commmodities (and never securities). So the approval of a bitcoin ETF is virtually a assure that, in just a few months, ether ETFs may also be authorized.
The next graph offered by TradingView means that you can admire the worth motion of ETH, which has risen practically 10% within the final 24 hours:
On the time of this publication every ETH trades at $2,502.
In the meanwhile there are 7 Ethereum ETF functions within the fingers of the SECpending approval or rejection, as could be seen within the following picture:
