Bitcoin Rival Ether Jumps on Bets Token Is Next for ETF Approval

Ether rose 9% in past 24 hours while Bitcoin was steady
That contrasts with the way Ether lagged Bitcoin in 2023

SEC's Peirce Calls Approval of Bitcoin ETF a Milestone

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By Sidhartha Shukla

January 11, 2024 at 7:12 AM UTC

This article is for subscribers only.

Ether, the second-largest cryptocurrency, emerged as one of the biggest beneficiaries of the decision by US regulators to approve the country’s first spot-Bitcoin exchange-traded funds.

Ether rose 9% in the past 24 hours to $2,585 as of 7:11 a.m. Thursday in London — a 20-month high — whereas Bitcoin was little changed at $46,070 after a more than 160% jump in the past year.