Crypto Lifted by Ether’s Biggest Jump Since 2022 on ETF Outlook
- Traders pivoted to betting on SEC approval of spot-Ether ETFs
- Signs emerge of paperwork signaling a possible green light
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Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in the second-largest token Ether, a shift from a more downbeat outlook as recently as last week.
The market-moving ETF speculation is something of a redux of the investor enthusiasm that greeted comparable US Bitcoin funds, whose January listing spurred a rally in the biggest digital asset to a record high.