On Monday, U.S.-listed spot Ether (ETH) exchange-traded funds (ETFs) saw significant net inflows of nearly $49 million, despite a dramatic 20% drop in Ether's price.
Read MoreOn Monday, U.S.-listed spot Ether (ETH) exchange-traded funds (ETFs) saw significant net inflows of nearly $49 million, despite a dramatic 20% drop in Ether's price.
Read MoreThe United States Securities and Exchange Commission (SEC) has reportedly given "preliminary approval" to at least three asset managers for their spot Ether (ETH) exchange-traded funds (ETFs), potentially paving the way for these investment vehicles to begin trading as early as next Tuesday.
Read MoreEther (ETH), the second-largest cryptocurrency by market capitalization, is poised for a significant price surge, with analysts predicting it to reach $6,500 by the end of the year. This bullish outlook is primarily attributed to the anticipated influx of investments into spot Ethereum Exchange-Traded Funds (ETFs).
Read MoreIn recent weeks, the leading cryptocurrency has seen increased volatility, surging from approximately $61,000 on May 14 to surpass $71,000 by May 21. However, this upward momentum was interrupted by a corrective phase, causing the asset to dip below the $67,000 mark on May 24.
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