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Ether has risen as much as 9% in the last 24 hours on expectations that a spot Ethereum ETF will get approved next.
The company previously attempted to go public in 2022 through a SPAC merger but that deal fell through.
Bitcoin
Spot Bitcoin ETFs are launching to much fanfare. But the reason has little to do with the original cryptocurrency’s actual accomplishments, which is why in the long run, this day will be a minor footnote in Bitcoin history.
Ethereum
Bitcoin saw relatively modest price action compared to some popular altcoins, which saw double-digit gains after the SEC approved 11 spot BTC ETFs on Wednesday.
The company behind the XRP token reportedly plans to buy back $285 million worth of shares, valuing the firm at $11 billion.
Within the U.S. Securities and Exchange Commission and outside of it, central players in the spot Bitcoin ETF approval process did not hold back their strong opinions for and against the agency’s order.
The agency ended its longstanding objections to the product that is based primarily on the price of bitcoin. BTC prices did not move dramatically on the news.
The amount of Bitcoin circulating at profitable values is higher than it’s been since BTC reached its all-time high in Nov. 2021.
Rocket Pool, the second-largest liquid-staking provider on Ethereum, “is not keeping pace” with its top competitor, Lido, community members say.
Fees continue to dip lower for the exchange-traded funds, which are widely expected to receive SEC approval on Wednesday.
