Ether posted its biggest jump in more than a month due to speculation about the outlook for applications to start US exchange-traded funds (ETF) for the token.
Ether grabbed the cryptocurrency spotlight after posting its most significant jump in more than a month, a surge pegged to speculation about the outlook for applications to start US exchange-traded fund s for the token.
The products have amassed $59 billion in assets since their January launch, one of the most successful debuts ever for a fund category.Traders are aware of the possibility of an Ether rally if the SEC allows ETFs to hold the token directly. Explicit identification of Ether as an unregistered security would addmanyf challenges to rolling out an ETF.
ETF Ether (ETH) Ether ETF Ethereum Exchange-Traded Fund Securities And Exchange Commission (SEC) Cryptocurrency
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